8 thoughts on “A welfare state for bankers”

  1. Posted 08/09/2008 at 12:39 | Permalink

    excellent analysis

  2. Posted 08/09/2008 at 12:39 | Permalink

    excellent analysis

  3. Posted 09/09/2008 at 07:21 | Permalink

    This is the only critical piece of this change I have read so far. Otherwise most media outlets seem to be all over it, praising it to high heaven. Or maybe I don’t read widely enough.

    Well done.

  4. Posted 09/09/2008 at 07:21 | Permalink

    This is the only critical piece of this change I have read so far. Otherwise most media outlets seem to be all over it, praising it to high heaven. Or maybe I don’t read widely enough.

    Well done.

  5. Posted 10/09/2008 at 20:04 | Permalink

    Philip Booth says: “Secondly, our current bubble was again the result of a failure of monetary policy – interest rates held too low for too long.”

    Clearly this is part of the story, but surely higher interest rates would just have squeezed the private sector whilst having no impact on that part of the economy where spending was (and still is) rampant – the public sector. An (at least partial) alternative to higher interest rates should have been less public spending.

  6. Posted 10/09/2008 at 20:04 | Permalink

    Philip Booth says: “Secondly, our current bubble was again the result of a failure of monetary policy – interest rates held too low for too long.”

    Clearly this is part of the story, but surely higher interest rates would just have squeezed the private sector whilst having no impact on that part of the economy where spending was (and still is) rampant – the public sector. An (at least partial) alternative to higher interest rates should have been less public spending.

  7. Posted 01/10/2008 at 09:53 | Permalink

    Hello
    Nice site!

    Bye

  8. Posted 01/10/2008 at 09:53 | Permalink

    Hello
    Nice site!

    Bye

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