Tuesday, 13 October 2009

distortion economy

State should have let banks fail, says Nobel-winning economist

"I find it very ironic that people who have always been in favour of market economics all of a sudden suspended the rules of capitalism. It really undermines the functioning of the economy. It's a distortion to the economy."
But his comments came as a security analyst in London
said troops would have had to be deployed on the streets if the government in Britain had let large banks there fail.

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