A fun time to be a central banker at the moment, don't you think? Although the Zimbabwean one seems to be having more funthan most.
What could it be that would make a magistrate so cynical?
Certain Labour Lords have a record of certain types of actions. That might explain at least some of the cynicism.
It might be stretching things to say that only ill thought out regulation caused the current events, but there certainly were some ill thought out regulations that contributed.
A useful political rubric. If everyone's in agreement then they're wrong.
As an example: even Keynes thought that infrastructure was not a good method of providing a fiscal stimulus.