Man in a Shed: grade inflation

Tuesday, April 08, 2008

The value of GCSEs to be abolished

Apparently having learnt nothing at all from the modular A level fiasco the educational establishment is going for modular GCSE which you will retake modules of until you pass.

Hence all with have prizes and GCSE's will become worthless, much as A levels have started to do.

This suits the educational establishment which hates objective measures of its performance and would rather carry out its mission to create socialism by using its own judgement for which pupils should be allowed to go forward in life. It will be so much easier for them to carry out their vindictive class war against the middle classes with all objective evidence removed.

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