Anenome
11-03-2008, 10:54 AM
Whatever the exact result of the US elections tomorrow, we must assume that the whole governing machinery of Washington and the state capitols will soon be hostile to laissez-faire thinking..."There'll be a much greater role for the state, one way or another. We've already got the state as lender of last resort, we might well return to idea of the state as employer of last resort, which is what it was under FDR. It'll be something which orients, and even directs the private economy," he said.
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3366575/Revenge-of-the-Left-across-the-world.html
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/3366575/Revenge-of-the-Left-across-the-world.html