Sunday, April 14, 2013

Chris Dillow — Thatcherite Roots Of The Crisis

This story agrees with Tim, in that it is consistent with the banking crisis being a crisis not of free markets, but of managerialism....
Another thing: one could also argue that Thatcher's cut in top tax rates helped to incentivize not just good entrepreneurship but also the rent-seeking and excessive risk-taking that contributed to the crisis.
Stumbling and Mumbling
Thatcherite Roots Of The Crisis
Chris Dillow | Investors Chronicle

1 comment:

Bob Roddis said...

Since Thatcher was a funny money inflationist and thus anti-free market, the analysis is partially correct.