Is this really a proper use of public funds? That the Government subsidises a pressure group to conduct a survey which they pack with their own supporters to support an already decided upon policy being advanced by the Government?
It's true that not every financial innovation has turned out quite perfectly, but we are vastly better off as a result of the balance of financial innovation.
The costs of the current credit crisis are well within historical norms: and societies that lay themselves open to the risks of such crises do have higher long term growth rates than those that don't.
Examples of the huge differences over time of quite mild differences in growth rates in the short term.
Even Elmer Fudd gets most of it.
Why leaders aren't all that clever: because we wouldn't put up with it.
And finally, The English, the English, the English are best, we wouldn't give tuppence for all of the rest....who else would hand build a new steam engine?
