Monday 8 March 2010

I blame the public sector workers

According to David Bell in today's Scotsman:
PUBLIC sector workers are not responsible for the recession.
But in the very next sentence Mr Bell writes:
Most of the blame should lie with regulators, bankers, governments, economists, auditors, credit rating agencies etc.
Eh? Aren't the regulators and "governments" public sector workers? And the economists have almost all been educated at universities that employ public sector teachers. Lots of those economists still work in such "public" institutions and wouldn't know real economics if it hit them on the head.

Of course bankers, auditors and credit rating agencies have also fallen down on the job but the prime reason for the financial crisis (most of it yet to happen I guess) is the existence of the fraudulent government-created money system.

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