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Bootle on the dangers of a regulatory backlash
2nd April 2008
Roger Bootle has long warned of the dangers of the Money for Nothing economy and in particular the damage that can occur when asset price inflation is allowed to let rip encouraged by a policy of absurdly low interest rates. But here in the Telegraph he fears for “a strong intellectual tide running against free markets and in favour of increased state action.” “What we must not allow to happen is for disgust at the activities of bankers and their absurd rewards to prompt disillusion with the market system in general. That would take us on an extremely dangerous journey. The next stop would be the embrace of protectionist trade policies. And the final destination would be impoverishment.”
Read the rest of “Free market defenders need to find their voice”. A well written defence of the free market and the dangers of regulatory failure.
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.