We need your help. The Spectator is to launch an inquiry into the causes of the 2008 recession, and it is to be a wiki-inquiry: one that will be directed by you, report regularly back to you, and be moulded by your collective wisdom. It will live or die by your input.
Finding out just why the economy went pop is perhaps the most important question in British politics right now: our understanding of the past will shape the future. Blaming the bankers, while a great national sport, could be a national calamity in the long run. Sure, we can regulate them all the way to Singapore, but it won’t help us if the real cause was a mixture of Bank of England’s basic failure to regulate the supply of money; a wrong-headed faith in inflation targeting; the wrong (as opposed to not enough) banking regulations; and a structural failure of parliament to realise just what the Treasury was up to.
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