Man in a Shed: A post worth reading

Since the demise of Iain Dale there has perhaps been a lack of interaction amonsgt bloggers, and a reduction in the tendency to cross post or flag up other people's posts.

As I hardly ever did that, I can hardly complain.

But I do intend to start doing it.

So let me recommend this post by Sand Monkey in relation to the tensions in Egypt right now. I have no way of being able to verify what he says, but much of it has the sound of truth about it from things I've heard from other sources.

I might not be the enthusiastic secularist Sand Monkey is ( in the UK is secularism that is oppressive, rather than a dominant religion ), but the points are worth reading a reflecting on.

The post is Offensive ( the title - not in my view the contents ).

Well worth a read - and its such a different take from the offical line you get via the BBC etc.

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