Man in a Shed: Cabarfeidh goes silent

Saturday, September 30, 2006

Cabarfeidh goes silent

I'm trying to keep my list of blog links down on the Man in a Shed template - I have a vastly more varied one on my RSS reader and of course there's the rather excellent Witanagemot Club.

But I just noted that David who writes the Cabarfeidh blog has declared he's calling it a day and is going to kill of his blog. Go and have a look whilst you still can !

Sorry to see you go David - but I can understand the reasons and I suspect we will all write our 'Dear John' blog post one day. ( There must be some sort of blogging name for it - there is for everything else. )

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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