Someone has to take credit.
(Seen on the gravestones of famous Wall Street banks like Bear Stearns and Lehman Brothers, “Regulate Lending”.)
I have to admit that sounds better than ‘separate state and finance’, but always remember that someone has to regulate the regulators, hence the eventual necessity of separating state and finance as exemplified by the South African National Credit Act.
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Tom is a contributor to public debate on issues affecting our survival; works with a London and a South African think tank, is a working journalist and author.
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