Man in a Shed: veto

Friday, December 09, 2011

Well an apology is in order

I have to say ( and did in the last post ) that I never thought David Cameron would do it.

But he has finally used the veto. So I owe him an apology and am happy to give it here. Sorry Mr Cameron.

But there is much much more to do. The UK needs to line itself up with the world and not old sick Europe. All the people who moaned about our not being in the Euro are going to go into over drive now.

But remember we import more from the EU than we export.

We are net contributors to the outrageous EU budget.

Along with the French we are a key military power ( just ).

We must not sell ourselves short. Though the predictable hedging of bets from the Labour party suggest there are many would would like to see just that.

Now how about that referendum ?

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