tag:blogger.com,1999:blog-5497371600826660495.post6574197956640343050..comments2023-05-23T16:47:55.593+01:00Comments on Shark Attack: The least worst optionMark Millshttp://www.blogger.com/profile/10863636301370094863noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5497371600826660495.post-80927124339576943312007-09-20T00:25:00.000+01:002007-09-20T00:25:00.000+01:00Its the same old story thats happened in other cre...Its the same old story thats happened in other credit collapses, except this time we're lucky that this credit collapse has been limited to a relatively small sector and not the entire savings sector (although a significant part admittedly). Thankfully because of this the government and bank of England is able to bail out companies and consumers out of such a situation without causing any major inflationary damage to the economy. However, the same will not be able to happen twice, a line has to be drawn. It is the simple but important message John Maynard Keynes gave in his writing which was unfortunately forgotten by many of his Keynsian successors that if you continue to invest in companies and bail them out at times when it is unneccessary to the economy as a whole then you will create innefficiency and inflation. The Labour government has done this not for economicly sound reasons but more for political ones, we should hope that this does not become a continuing political trend.a radical writeshttps://www.blogger.com/profile/10176613690190386558noreply@blogger.com