Has The Bail-Out of the UK Banks Worked ?
A quote often attributed to Keynes should now be taken seriously
Following last month's bail-out of the UK banking system, things are not looking good - and some commentators are already saying that these measures have failed. A few have even claimed that current events herald the end of the capitalist system.
The truth is that it is too early to say, but we should not set our expectations too high.
A quote attributed to John Maynard Keynes seems especially relevant, but the death of capitalism has been somewhat exhaggerated.