"Those who do not learn from history are condemned to repeat it"

Ed alerts me to Martin Wolf's fine article in the FT, which concludes thusly:

... I do not expect any government to dare to wean the English from their ruinous trust in land speculation as the route to wealth. But I can hope. It is bad enough that the result has been expensive houses and inefficient taxes*. But it is surely far worse that such insane speculative fevers have ended up destabilising the entire global economy. Even if few know it, it is time for a change.

On a lighter note, View From The Solent alerts us to what might happen if our houses were to become self-aware.

* See article for his musings on what should be taxed and why.