Man in a Shed: Miliband only gives Brown one year ?

Monday, April 14, 2008

Miliband only gives Brown one year ?

See the following quote (from a BBC article) from David Miliband's press conference with the Turkish foreign affairs minister :

At a press conference with Turkey's foreign affairs minister, Foreign Secretary David Miliband dismissed suggestions it was time to replace Mr Brown.

He said: "Gordon Brown was the right man to become prime minister last year and is the right man to lead the Labour Party this year."

Only "this year" ?(Which is 1Qtr over already).

This is as good as that quote the boy Miliband gave on us wanting Blair back shortly after Brown took over in office. Not very diplomatic young David.

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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