Harvey Goldsmith - Wise entrepreneur

In his evidence to the Parliamentary Select Committee on ticket touting, Harvey Goldsmith, the renowned promoter who recently had a TV show for entrepreneurs, said

Mr Goldsmith: We want to outlaw the whole secondary market. A ticket is currency. I am not aware there is a secondary market in pound notes that you as MPs endorse.

Hmmm. Do you think someone should drop him a note and let him know about the FX market, the interbank deposit market, the swaps market............ He must have a nightmare going abroad at present.

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posted by John Wilson @ 3:58 PM Permanent Link newsvine reddit



1 Comments:

At 8:37 AM, Blogger Hawkeye said...

Even more perturbingly than the examples you offered, the bank note market is the classic secondary market. The Treasury issues these "Promises to Pay Bearer notes" and then these trdae in the secondary market being exchanged for goods and services many, many times over, before the Treasury finally retires the notes.

 

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