An open letter to; the US Congress, UK Parliament and the European Parliament
Again, October 2012, to emphasize my point, I produced a detailed critique of a speech, made by Ben Bernanke titled: Five Questions about the Federal Reserve and Monetary Policy; in which he made no reference whatever to the two words; "equity capital". I closed my critique of Ben Bernanke's speech with these words:
"The Western economies desperately need millions of new employers; tiny, privately owned, well capitalised, one to five employees companies, owned and managed by the founders. Millions of free enterprise based companies creating their own idea of future prosperity. I have set that out in detail some time ago and I dare to suggest that no one has yet to strike it down as a solution.
Continuing to debate interest rates for borrowed money alongside government tax and spend issues does not answer the question of where do you find the equity capital investment to create prosperous employment for the tens of millions now unemployed throughout the Western economies? Someone has to show the courage to admit the entire system needs a reboot.
So, who has the courage to look at some new thinking?"