David Cameron has announced his party will work with the government to tackle the continuing financial turbulence, whatever that means. Nick Clegg has apparently said much the same. But is this really the correct response? There are certain instances – for example when the country is physically under threat at a time of war –… Continue reading Is groupthink really the correct response to financial meltdown?
Tag: economics
Was Monday the beginning of the end of the Cameron bubble?
By rights, it should have been. The Tories are in a total mess over the economy. I have to admit, I held my peace on Sunday over this idea about having the Bank of England step in when banks get in trouble. It sounded pretty much identical to what the government is doing now, only… Continue reading Was Monday the beginning of the end of the Cameron bubble?
Crunches, Guido and Seigniorage
One of the more entertaining aspects of the current global financial meltdown is watching Guido Fawkes, aka hedge funder Paul Staines, transform from arch-cynic about all things political to dewy-eyed innocent about all things financial. It isn’t that I’m a capitalist-hating trot who fervantly believes that this current crisis is going to lead to world… Continue reading Crunches, Guido and Seigniorage