Man in a Shed: i-Phone

Monday, November 12, 2007

The iQueue

Taken in Woking Friday, just before 6pm on a £30 Sony Ericsson K300i (OK it was £60 - but you got £30 of calls ). You can get about 60 of them for the same that an i-Phone will cost you over its contract life.

The girl in the shop opposite tells me some of these guys appeared 5 hours before to queue up ( so must have taken the afternoon off - I assume the unemployed can't afford an i-Phone).

Still - its cool and if it was only a more open platform I'd be tempted.

I hope its works out for them.

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