Blame the central banks for market turmoil

Free markets are a convenient whipping boy during market turmoil. But it's the central banks you should be blaming, says Alex Williams.

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The bear has been led by the banks

During periods of market turmoil like the one we're going through at present, free markets become a convenient whipping boy, says Allister Heath in The Daily Telegraph. But the truth is quite the opposite. Far from being a manifestation of what the left describes as "neo-liberalism", the turmoil is primarily a failure of statism.

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