Capitalism and the credit crunch

Samuel BrittanThere will be no ‘glad confident morning’ for free-market principles for a long time to come, writes Samuel Brittan

Britain’s dangerous whiff of economic panic

Nicholas Crafts has warnings from economic history

A new president and a wake-up call

Philip StephensThe next US leader will not be quite as powerful, while the departure of George Bush will deprive Europe of an alibi,

Decisive inaction

Rescuing Fannie and Freddie is enough for now. Provided the system as a whole is kept functioning, weak institutions must be allowed to fail
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