John Maynard Keynes wrote…
“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens…. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
Osborne Gets His Soundbite | Nick Robinson
Moonbat V Chomsky | Charles Crawford
Beecroft is “S**t” | LibDem MP
News of the World Trailed Watson’s Mistaken Mistress | Indy
Shabana Mahmood MP Saves Brum Market | ITV News
Plan a Velvet Divorce for the €uro | Gideon Rachman
Truth About Romney’s Bain “Vampire Capitalism” | Wall Street Journal
Clegg’s Revenge | Nick Wood
Cleaning Out Stables | Biased BBC
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Norman Tebbit has a humble brag:
“We Maastricht rebels were derided and abused for opposing the single currency by the wise, clever, Guardianista soft centre left establishment from whom we now hear so little on the matter.”
Mr Bryant and Mr Watson managing to make the whole hacking affair look like a farce – the more they moan the less I care about the whole subject! So partisan it beggars belief at all costs. They cannot rise above it ! If I was to call the PM a ‘liar’ I would want to be VERY sure.
Who says you can’t spend your way out of debt?
Just about everyone who is economically literate. Unfortunately, this does not necessarily include Keysian economists and definitely excludes the Labour party.
Yes, but when more of the country is drowning in debt than sitting on savings, a spot of inflation might go down rather well.
… Until it stops the fiscally prudent from buying your goods and services at all and chucks you out of work.
I’m not saying there isn’t a downside. But the deficit, the personal debt and the house price crisis would all be eased a little by a touch of light inflation. If prices stay steady, how is the government going to address points (2) and (3) there?
Inflation worked wonders in Germany in the inter-war years !!
One of the few wise things he said