Man in a Shed: Has David Cameron reached escape velocity ?

Wednesday, October 19, 2005

Has David Cameron reached escape velocity ?

Its looking like David Davis might concede if he falls below Cameron significantly in Thursdays ballot. ( Of course this should not be just taken at face value - perhaps its an attempt to squeeze the Fox vote - the implied threat that vote Fox ( seen on the right of the party ) get Cameron ( seen on the left).

Who knows - probably very few people for sure.

David Cameron is a risk - but the conservative party is already being written off for the next election, so risks are needed.

Hence whilst ideologically I might support Fox/Davis - I'd vote Cameron for the good of the country and party. The choice looks like Cameron for PM or Fox/Davis for leader of the opposition.

Hence the Man in the Shed is declaring for Cameron... now lets see where the chips fall.

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The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. 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." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman