Credit Crunched
iea A Credit-Crunch Reader...a valuable compendium of free-market blog and think-tank responses to the crash of 2008.
The overriding message from these readings is clear. Contrary to conventional wisdom, the crash was not the result of unchecked "laissez-faire" capitalism. In fact the credit crunch can be explained by a combination of misguided regulation, government intervention and loose monetary policy. Unfortunately, as the authors point out, governments' responses to the credit crunch would appear to be equally ill-conceived.
Graffito spotted today near Malmesbury...