August 11, 2011

DANIEL HANNAN: Let’s review what brought us to the present economic catastrophe. “The countries which decreed the biggest bailouts have generally suffered the worst downturns. Far from averting recession, their governments have burdened generations yet unborn and unbegot with debt. . . . Three years after the collapse, it is surely time to change course. We need to stop printing money and start raising interest rates, to cut taxes and scrap regulations, to rebalance the economy toward the private sector. Are these ideas really so radical?” Well, they don’t offer much in the way of opportunities for graft.

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