Recession

‘Has the banking crisis cost the taxpayer £2 billion, £131 billion or £500 billion?’

‘Bankers are humans too. Their only crime has been to be clever, hard-working, rich and successful’

Politicians sat on their hands as the mighty American economy was sent to its doom. What is to be done to prevent a repeat?

This election will go down as a dishonest campaign: none of the parties came clean with the voters about the economy

‘Despite banker-bashing in the media, the British taxpayer ought to make a profit from the government’s intervention in the banking crisis’

‘Quantitative easing may not have stopped the recession, but it certainly rescued Britain from an even greater one’

The most inflential economist of the 20th century still dominates debate about the financial crisis. His biographer Robert Skidelsky and Britain’s leading monetarist Tim Congdon discuss the relevance of Keynes

A flawed economic doctrine led Gordon Brown and Alistair Darling to plunge Britain into its worst postwar crisis

‘New York feels much calmer than London about the financial crisis. It’s not clear if this attitude is a product of resignation or sheer denial, schadenfreude against wealthy financiers, or perhaps a kind of emotional hardiness born of the 9/11 attacks.’

Samuel Brittan and Edward Hadas, both distinguished economic commentators, discuss where to place the blame for the current global crisis with Standpoint editor Daniel Johnson