the cause of the financial crisis was excessive state first in the sense that interest rates were kept to for long political rather than a market decision one and all the central banks wo
The cause of the financial crisis was excessive state intervention: first in the sense that interest rates were deliberately kept too low for too long, a political rather than a market decision one in which all the central banks were complicit and then in the sense that, as recently as last year, legislatures were urging lenders to make more cheap loans available.
The cause of the financial crisis was excessive state first in the sense that interest rates were kept too for long, political rather than a market decision one in all the central banks were complicit and then in the sense that, as last legislatures lenders to more cheap loans available.