Thursday, September 11, 2008

The government can’t stop the recession – but it can make it worse

The government can't stop the recession – but it can make it worse

The only way out of the credit crunch is for us all to stop spending and save more – but that's the last thing the Government wants, says John Stepek. The trouble is, history shows that when governments try to buck the market, they usually make things worse.

Posted by damien @ 11:26 AM (899 views)
Please complete the required fields.



5 thoughts on “The government can’t stop the recession – but it can make it worse

  • Gordos solution is to increase government borrowing, hands up anybody who can see a problem with this.

    Reply
    Please complete the required fields.



  • Good article. Moneyweek is one of the few publications that actually seems to understand what has been going on (and no, I don’t have any shares or other interests in them).

    Reply
    Please complete the required fields.



  • er, would that make the debt mountain even bigger and blowing a hole in the guv’mints borrowing plans and therefore making the “golden rule” positively not golden and not a rule.

    Brown is an extremely niave politician. There appears to be someone home, the lights are on, but in reality he’s gawn orf on one completely.

    Reply
    Please complete the required fields.



  • And we don’t even get to see HIGHLIGHTS of our national team, playing the game we gave the world, on our TV (license fee £139.50) so we have absolutely no chance of the blubbermint stopping any recession.

    Reply
    Please complete the required fields.



  • In their “free markets are the answer” zeal, Moneyweek are conveniently forgetting the mind boggling doo doo
    that the other Banks have got themselves into. Lehman,Citibank,UBS,Northern Rock….etc anyone?.
    Governments may be useless but the evidence is that they are no more useless than the alternatives.

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>