Will, we are IN this state simply BECAUSE interest reates were too low. The 'fixing' of the interest by the Govt.. ohhhhh .... sorry..... the 'independent bank of England..... YEAHHH! was what STOPPED the rates going LOWER! had we had a completely FREE market... the disaster would have been WORSE!
I trust you don't feel that unbridled capitalism works for EVERYTHING or else you'd be arguing that we should tell the Police to leave the Mafia alone to get on with THEIR 'free enterprise'.... because that is EXACTLY what it IS!
If you can see you need SOME controls on 'free capitalism', then you are NOT that far away from MY point! We need SOME controls!
Ian
|
|