Sunday, February 24, 2013

Conversation with Winton - banks, gearing, externalities and market failure

I fear that discussion with my old friend and blogging colleague Winton Bates on his post How can governments stop encouraging banks to be highly geared? has distracted me from posting here. Feel free to drop in and join the discussion; that includes a specific invitation from Winton to you, kvd.

I imagine that it would seem pretty dry stuff to the ordinary reader, but its quite important from my perspective. It's forcing me to revisit and redefine concepts such as market failure and externalities. I won't explain at this point, for I don't want to distract from the discussion at Winton's place by creating another discussion thread here. 


Anonymous said...

Hi Jim

I have made a further comment on Winton's post. As with all things, we bring to the table different interests, different perspectives, different opinions as to what is important - and I wouldn't have it any other way!


Winton Bates said...

Thanks for the link, Jim.

I have now written another post dealing specifically with some points that kvd raised.

Jim Belshaw said...

Saw it, Winton. I have still to respond on the previous post!