Sunday, 12 October 2008

The Sunday Herald on bank nationalisation

Readers may be interested in the following article that appeared in Scotland's The Sunday Heerald by Ian Bell dealing with bank nationalisation - its title 'What do we want? Nationalisation. When do we want it? Any minute now' is rather clear. It concludes:
'Nationalisation, they say, "distorts the markets". Anyone observing the markets last week might view the possibility with equanimity. Nationalisation, we are told, is inefficient. Which yardstick for the efficient distribution of capital are they employing on Wall Street and in the City these days?''
The article can be found here.

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