If you actually wanted to create a financial crisis, how would you go about doing it? My, isn't there a remarkable similarity between what was done and what you would want to do?

An alternative, more Austrian, but not fundamentally different, view.

Proof that the method of regulation (as opposed to regulation or no regulation) does indeed matter.

A further alternative explanation, one that blames regulations themselves for the problems.

So just why did the oil price spike yesterday?

A precis of Darling's speech and a precis of Polly's latest column.

And finally, quote of the conference (so far).