Now, I see Guppy has been in The Telegraph. The thing is, um... that is... eyes feel heavy... I ...
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Hmmm? What? Ah. Sorry. I must have dozed off and fallen face first into the keyboard.
© P. J. O'Rourke
Thursday, February 25, 2010
The mandatory Darius Guppy post
Hmmm? What? Ah. Sorry. I must have dozed off and fallen face first into the keyboard.
© P. J. O'Rourke
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2 comments:
It was amusing seeing him discover fractional reserve banking really. All that "not mentioned anywhere" when it's part of every textbook and appears in the A level syllabus.
I only glanced at his piece, but yes it was very funny. Unless I skimmed too fast, he seemed to completely misunderstand this fiendishly hidden banking system. Banks can lend £90 for every £10 on deposit? Um... only out by a complete order of magnitude there, Darren.
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