I was watching the film 'A Beautiful Mind' the other night and when the main character; John Nash, who was a real life Nobel Prize winner for economics, described one of his theories, in a scene in a bar.

The theory he proposed, which later won him his Nobel Prize was that if companies work together in certain ways through sharing information they would all be able to work more efficiently. 
His theory made me think about the current 'economic crisis' and how banks have been operating lately, hiding information and not helping each other. If the banks would share information and help each other out it would help the economic system a lot at the current time of economic crisis:

• The current economic crisis is being escalated by banks not being willing to lend to each other. This means liquidity has been stopped from flowing around the economic system as it should be, as it does when the system is healthy.
  

• Fact is there is still as much money in the economic system as there was before the ‘credit crunch’ even more since large amounts of tax-payers money has been added to the pot. Share prices may have fell but the money which paid for these shares went to the businesses that sold them and it is still in circulation somewhere.
  

• Some banks still have lots of liquidity but they will not lend it to other banks and businesses that desperately need it, right now, to keep themselves in business.
  

• The banks which have the money and will not lend it; are withholding the money because they are scared that the businesses that they are unwilling to lend the money to will fail because of the current economic crisis.
  

• The strange thing about this crisis is that if these banks with liquidity would all start lending again then the crisis would be shrunk a huge amount and businesses that can’t currently get loans would suddenly be less of a risk as they would be more likely to make profit and be able to return the money the borrowed.
  

My proposal is: If the banks that have the liquidity available to lend work together in a co-coordinated effort and they all start lending together at the same time then the businesses they lend to won’t be such a risk as the global economic system would be immediately working again as it was before, as it should be working.
Why should the hardworking tax-payers have to bail out the economic system when the city has, within its own means, a way to sort itself out? If the ‘business experts’ who run banks would only work together with more openness and in more of a co-coordinated way then future crises brought about by the same causes will simply not happen.
At a time of new types of regulation being introduced to the global economic system, spearheaded by the intelligent PM Gordon Brown, It is my opinion that people and banks should not be allowed to withhold liquidity from the economy of the world.
As long as liquidity is allowed to flow freely through the global economic system and populations grow and there are resources available then there will be economic growth.
Nobody no matter how rich or powerful should be allowed to mess with the above equation. The global economic system affects the jobs and finances of billions of people on this planet. Why should the majority suffer because the banks are acting like rabbits caught in headlights? The banks don’t know what to do they are scared and unable to cope with this kind of situation.
I propose new regulations which will in future force banks to lend and keep the liquidity flowing through the system. If a bank is found to be not lending money for an unacceptable reason then it should be temporarily managed by the government until it learns to work not only in its own best short term interests but also in the long term interests of the economy as a whole.  

Iain Dale, Tory wonder-blogger, has let slip his general view on public spending: "extra tax revenues for the Treasury to squander". A relief in a way to see a solid heartfelt Tory view on public spending, rather than the warm-fuzzy Cameron spin.

Can I ask: Have the Tories totally lost the plot with Scotland?

You'll remember that they are trying to oust their leader in the Scottish Parliament with someone more right of centre (in the belief a return to Thatcherite policies will win back disaffected voters North of the Border); they want to replace that leader with someone who has been accused of making racist jokes; they want to keep schoolchildren in the dark; and now they want to stop people taking short haul flights to Scotland.

Small Businesses are not taking up R&D tax credits which could save them corporation tax.

The Guardian reports that VAT Fraud is worth more than agricultural subsidies.