Historical parallels - a lesson for NAMA advocates

Interesting piece in the Economist with a very instructive point when put in the context of NAMA:

Buttonwood’s column

the mississippi company was explored in some more detail in this episode of the ‘the ascent of money’.

The Economist article mentions it directly… I can sense it getting closer…

Is it okay to mention P.J. O’ Rourke?

Fortunately for InForADime’s knuckles (or hurley!), we don’t have to go back far to find parallels. South Korea, Sweden, California, Miami, the UK, Iceland and, my personal favourite (because the outcome was so crackingly bad, Finland, Finland, Finland, the place where I’d quite like to be…

Very good, almost missed it there! :laughing: