Wednesday 30 May 2012

Words Fail Me...

Just read this piece...

6 comments:

ThomasBHall said...

completely unworkable- the only thing they might try and do is limit land-banking like in Canada...

Sarton Bander said...

Have they given up their powers to set reserve requirements?

Sarton Bander said...

Is there something maybe a tax that would tend to prevent land-Banking????

Lola said...

What confounded me wasa that the housing asset bubble was caused by the unwarranted expansion of m oney and credit by the Bank of England cheered on by witless Brown and all at the wrong price. So what they are proposing is not a cure for the problem (of their own making) but to further restrict our freedom. It is a disgrace.

Sarton Bander said...

Increases in credit are needed by states because they TEMPORARILY cover over damage caused by transfer taxation.

Bayard said...

"but to further restrict our freedom."

More control, more lovely, lovely control!