As I write these comments, the world is in the grips of a financial crisis, possibly the greatest such global crisis of its kind. This has created issues for both markets and government. Faith in markets has been shaken to the core by the difficulties in financial institutions. But it is a challenge to government too. The public are turning to their governments to deal with these issues and whether the responses are ultimately deemed successful will affect the perception of government as an actor in the economy for a generation or more.
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