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Tag Archives: bill clinton
Opinion: Time to publish the magical ratio
A week is a long time in politics, but it also sometimes seems to move at a glacial pace.
It is now two decades since Bill Clinton won the presidency on the slogan that ‘trickle down economics’ doesn’t work. Yet even a couple of years ago, there was Labour’s Peter Mandelson being ‘relaxed’ about people getting ‘filthy rich’.
Well, finally things seem to be shifting. Even Max Hastings, of all people, writes in the Financial Times that “gross disparities seems likely sooner or later to promote an upheaval, perhaps graver now than most western societies can now envisage.”
It certainly seems to …
Opinion: The only way to solve the credit crisis is to fully nationalise Lloyds, HBOS and RBS
Everyone is blaming greedy bankers for the credit crunch – unless they’re Tories, in which case they’re pinning all the blame on the Government. But who is really to blame? And more important, what can be done about it?
I decided to do some research on this and I have come to the conclusion that investment bankers, although greedy and irresponsible, are not at the root of the crisis. That particular honour in fact goes to one man who has barely got a mention in the debate so far: Bill Clinton. Allow me to explain.
In 1933, the US Government, …

