Free market defenders need to find their voice – Telegraph

Posted on March 9, 2009

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From Roger Bootle last week via Free market defenders need to find their voice – Telegraph:

Before we rush into new regulations controlling banks, as though they alone were responsible for what has gone wrong, we should not forget the role of public policy. In both the US and the UK, rampant lending was not an accident. It was the direct result of a deliberate policy of boosting domestic demand via low interest rates. This was bound to lead to a surge in lending and associated financial activities.

Couldn’t agree more.

Posted in: Government