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I disagree - I'm not an economist, but certainly here in the UK there's a lot of talk about access to credit being a significant limiting factor. Hence the gove
by pcowans 15y ago
I disagree - I'm not an economist, but certainly here in the UK there's a lot of talk about access to credit being a significant limiting factor. Hence the government's 'credit easing' program, which is aimed at lending directly to businesses where the banks won't:
http://www.guardian.co.uk/politics/2011/oct/03/george-osborne-credit-easing-plan http://www.guardian.co.uk/politics/2011/oct/03/george-osborn...
- OstiaAntica 15y agoA lot of the growth of the last decade was driven by unsustainable private and public borrowing and spending. Most people in the political class are desperate to get the credit bubble-blowing machine running again, by having the state subsidize un-economic loans to un-creditworthy businesses and individuals.
- pcowans 15y agoSure, although I think in this case it might be the lesser of two evils. It would definitely be nice to see the private sector funding job creation, but if they're not going to do it it's probably worth getting the government involved.