Chat about Novel Coronavirus - 2019-nCoV - COVID-19

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andyp

And Brown actually did the right thing and stopped the banking system collapsing. He was out of office within two years.

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deleted in reply to @andyp

With hindsight I don't think you can unequivocally say that Brown did the right thing. Bailing out the banks through QE was a terrible terrible decision IMO.

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Howard in reply to @deleted

Controversial
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andyp in reply to @deleted

I think swift action to prevent the collapse of the entire banking system was absolutely the right thing to do, and I don’t think there are any serious economists who’d disagree. The subsequent policy details are more controversial.

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