From the front page of The Times, right now: The FTSE falls by more than 10% in a few minutes, and Gordon Brown explains how “we must lead the world”. John Redwood says that “there is a new kind of madness stalking the government world, as the governments lurch from one inappropriate response to another in response to a fast moving banking crisis”. Who says we are in a post-ideological age?

Tags: economics, Finance, FTSE, Ideas