03 April 2009

Quote of the day

From the Prime Minister's statement at the end of G20 (here):
We have today therefore pledged to do whatever is necessary to: restore confidence, growth, and jobs; repair the financial system to restore lending; strengthen financial regulation to rebuild trust; fund and reform our international financial institutions to overcome this crisis and prevent future ones; promote global trade and investment and reject protectionism, to underpin prosperity; and build an inclusive, green, and sustainable recovery. By acting together to fulfil these pledges we will bring the world economy out of recession and prevent a crisis like this from recurring in the future.

So you will prevent the recurrence of a crisis like this in the future? How does this differ from promising to abolish boom and bust? And why should it be any more believable?

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