Man in a Shed: How to spend England's money in Wales

Monday, November 07, 2011

How to spend England's money in Wales

A bit busy this week, but here's a diverting suggestion. If you happen not to live in Wales, but you do pay taxes then this week edition of "Dragon's Eye" is worth a half hours watch.

WARNING - Do not watch whilst eating cornflakes as you may choke.

Some of our usual theme's are present - Tory hatred as pushed by the BBC, unopposed assertions at the end of reports ( remember the Welsh NHS is a car crash of socialist neglect and vested interests which makes the English NHS look great - quite an achievement ).

The Welsh Conservative members put up for interview are depressing, and there's no solution to anything that doesn't involve English funded state spending.

No comments:

Post a Comment

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