Man in a Shed: Labour cancel spring conference ? Iranian press say

Thursday, October 05, 2006

Labour cancel spring conference ? Iranian press say

So is this the answer to the what's Jack Straw up to question ? Ans creating a great day to bury news about the Labour Party.

I can't believe I'm becoming aware of this through the Islamic Republic News Agency. But that's the case - they report that "Labor's general secretary Peter Watt said that the party was abandoning its conference in February that was due to take place in Glasgow and replacing it with a series of smaller events around the country.

Nope - seems it was on the BBC after all - hidden away here.

They report Labour as saying "Blogs and podcasts would be used to broaden "online engagement" with the new "interactive party", ". Sounds unlikely given their media control freak attitude to life.

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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