Government (ie. your taxes) at work

[Doggy Styles]

Wrong actually. Lack of government meddling in the form of:

1. Excessive de-regulation of financial institutions
2. Lax monetary policy

got us where we are today.

I disagree with that actually. It was government meddling that resulted in that excessive de-regulation. They decided they could monitor banks better than the BoE, took it in-house, and did it 100 times worse.

Lax monetary policy is a result of government meddling too. They started hiding debt off the accounts, introducing pet redistribution projects, and they introduced a target culture across the public sector which was gamed by managers, and meant we spent more to get less from public services.

They are only the most obvious examples. If they'd left all that lot alone we would not be as far up the creek as we are today.

[bobhope]

Wrong actually. Lack of government meddling in the form of:

1. Excessive de-regulation of financial institutions
2. Lax monetary policy

got us where we are today.

Certainly 2) was deliberate government meddling - goosing the money supply for no good reason.

[PM-Junkie]

Certainly 2) was deliberate government meddling - goosing the money supply for no good reason.

I think it was more incompetence from someone who wasn't qualified or skilled enough to be doing the job.