Funding The London Olympic Games

As they should, the Games will go forward despite the terrorist attacks. But Johnathan Pearce at Samizdata made some observations about the power of the state prior to the bombing that are worth noting as Londoners press forward, if only to prevent being hit in the pocketbook on both defense and entertainment. This suggestion seems credible:

Asset-backed securities are an increasingly common source of funding in our capital markets. Even pop star David Bowie, demonstrating the sort of business savvy common in the pop world, has issued bonds using his record sales as collateral. Why not issue "Olympic Bonds" with 20 or 30-year maturities to pay for the Games?

And more good wishes from across the sea, Britain.