Man in a Shed: Death of the Quangos

Wednesday, November 11, 2009

Ofcom lined up in the cross hairs of any new Cameron govt

This is the sort of thing that's going to have to happen to weed out the roots of the New Labour kickback state and unelected quangocracy.

The Register reports plans to "kneecap Ofcom", sounds good to me.

How about the BBC as well ?

Of course Labour may well have prepared for this by issuing long contracts with large compensation packages that they will expect the tax payer to fund. An incoming Conservative govt should rewrite these contracts, passing new laws if necessary, to put the Labour Quango elite on the same legal basis as the rest of us, so we can fire them all.

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