Man in a Shed: The Bishop of London

Monday, December 29, 2008

"We have been mortgaging our children's tomorrow to fund our today"

This quote is from the Bishop of London, Richard Chartes.

Its more trouble for the Gordon Brown/BBC line that we need to get banks lending to people again to get the high street going.

Most of what Brown has done has now failed.. The VAT drop, the stamp duty reduction, the ~~Swedish~~ Brown bank salvation plan.

The Church of England is a sinner who has repented late in the day when Brown and the New Labour liars and spinners are concerned. Neither the less we should welcome them in the fight against what can only be described as the Evil of New Labour and Gordon Brown's regieme.

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