Friday 27 July 2012

What government broke, government cannot fix

Many believe that the housing boom and Great Recession were the result of human greed and the supposed deregulation of financial markets, both of which thereby demonstrate the failure of free market capitalism. However, the real causes of the boom and bust are to be found not in free markets, but in the misguided policies of politicians and central bankers. We should not compound the errors of the boom by thinking more government intervention is the cure.

Read the full blog post here

Source: http://www.iea.org.uk/blog/what-government-broke-government-cannot-fix

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