Wednesday, August 08, 2007

Cautionary Tales for Young Economists

A hot and sticky day spent in the middle of England in the company of moneylenders and lawyers.

Remember, I am an altruist and wish to make the world a better place for me to live in!

Paul pulls Steve's leg about default rates. Emotional temperature in room rises by about 500 degrees Kelvin. Its a boys' thing. It looks a bit stickier.

A flash in my mind, I know not from where, and in the stentorian strains, which I can do occasionally, I enunciate clearly:-
"Let him who is without default cast the first stone!"
We've all been there. Emotional temperature in room falls by about 500 degrees Kelvin.
Back to work.