There never was a Crisis in Modern Times when it was so clearly the duty of the Ministers of the Crown to advise His Majesty to refer to the sense of his people and trust to them to clothe them with a real authority which they themselves admitted they did not now possess, and the absence of which was weakening the country in 970 Army administration, in foreign affairs, in colonial administration, and in home administration.

Milton Friedman argued that the problem of the great depression, which was the biggest Crisis of Modern Times - I have always thought that it was greater than we are going through, but I could well turn out to be wrong - was exacerbated by the Fed's failure aggressively to expand the money supply.

Today, leaders and Finance Ministers from countries all over the world have come together in an unprecedented show of unity to take action on the greatest economic Crisis of Modern Times.

The Statement is as follows: "Today, leaders and Finance Ministers from countries all over the world have come together in an unprecedented show of unity to take action on the greatest economic Crisis of Modern Times.

We have inherited the worst financial and fiscal Crisis of Modern Times.

This started by recognising the stark truth, which I agree with, that we are in, "the worst economic Crisis of Modern Times".

Is using the proceeds of the 4G auction to pay down debt the best strategic use of this windfall during the worst economic Crisis of Modern Times?

Crisis of Modern Times, it is the emergence of an audience for deep seated and radical proposals".

It gives some cause for optimism at a time when it is foolish to be naively optimistic about how rapidly we are going to recover from the worst financial Crisis in Modern Times and how rapidly the western European countries, including the United Kingdom, will return confidently to secure normal growth in better balanced economies that are able to compete in the modern world.