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)
5 thoughts on “The government can’t stop the recession – but it can make it worse”
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mrmickey says:
Gordos solution is to increase government borrowing, hands up anybody who can see a problem with this.
Orange Boy says:
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).
nooneo says:
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.
nooneo says:
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.
Amos says:
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.