Man in a Shed: Never mind Dunfermline- its West Lothian that should keep you up at night Mr Brown!

Monday, March 06, 2006

Never mind Dunfermline- its West Lothian that should keep you up at night Mr Brown!

I watched the Politics show on the BBC on Sunday which has a series of interviews building up Mr Brown to be PM. It was put to Mr Brown that the TV show receives more letters about the injustice of MP's representing devolved parts of the UK voting on English legislation and it was implied being the English executive.

Brown either just doesn't get it or hopes the problem would go away ( which lets face it has been his solution with his rivalry with Mr Blair ).

It won't and if he doesn't start proposing justice for England he will find himself leading a celtic fringe party in opposition.

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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