Tuesday, May 12, 2009
Woops: Looks like is is a Brown manufactured failure (if we didn't know)
Telegraph: Ministers 'to blame' for financial crisis
Institute of Economic Affairs (IEA) has concluded that the disaster was caused by authorities' mistakes rather than market failures.
And it was Mr Brown who created the system of monifotring
Posted by growler @ 07:17 AM (434 views) Add Comment
6 Comments
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1. River Man said...
Think tank dedicated to the cause of the free market argues that the free market is not at fault, and that the blame really lies elsewhere.
Whoda thunk it?
Of course markets are inherently stable and benign. If they end up in trouble, the problem must be elsewhere.
2. george monsoon said...
No sh** Sherlock!
Who are the IEA ? Ive never heard of them. Is this an independant body, working outside of the control of the government?
Although they are stating the obvious, it is refreshing for some "official" body to be making this clear to the public.
3. inbreda said...
I don't know, but so long as this continues and ends ministers being hanged for treason, it's fine by me.
4. Richard Wellings said...
george - the IEA is completely independent of the government. It receives no state funding whatsoever. The study can be downloaded free of charge at: http://www.iea.org.uk/record.jsp?type=book&ID=453
5. mander said...
Like the politicians had a clue what derivatives are?
6. 51ck-6-51x said...
This has been my point many a time, however no other view would come from the IEA, as their whole reason d'etre is to promote the free market!
From their own site:
"The IEA is the UK's original free-market think-tank, founded in 1955. The IEA's goal is to explain free-market ideas to the public, including politicians, students, journalists, businessmen, academics and anyone interested in public policy."