The solution is also the cause

There is quite a bit of anti Brown anger in the papers this morning as the government embarkes on yet another attempt by the government to shore up the economy.

Bruce Anderson writes in the Independent that

We have a crisis caused by excessive credit, fiscal laxity and asset-price inflation.

but

the solution to excess credit must be more credit; to fiscal promiscuity, higher deficits; to swollen asset prices, a safety-net. This is exceedingly difficult to organise. There is no formula to explain how much new poison would be necessary to mitigate the effects of the existing toxins in the world’s bloodstream.