Man in a Shed: Labour move to destroy the evidence of their education failure

Wednesday, October 24, 2007

Labour move to destroy the evidence of their education failure

Ed Balls is moving to create so educationalist dream of a diploma (one no doubt when the educationalist can choose who succeeds and fails - the party faithful will at last be rewarded!).

I told you in passing that Labour would move to hide the evidence and just tell people things were working earlier. (See New Labour and Brezhnev post).

Why shouldn't there be some granularity to qualifications. The Diploma idea is a con to allow politically correct results to be published, not ones back by actual achievement and knowledge.

New Labour and Ed Balls are on the edge of criminal irresponsibility here.

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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