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Samizdata quote of the day Never mind he is debasing the currency and starting us on the road to runaway inflation, is functionally indistinguishable from Tony Blair and his ‘savage cuts’ are a fiction simply parroted by a mainstream media seeming unable to do simple math… he has ‘Ease and authority’
Well, phew, good to know! I guess we’ll be ok then!
– Perry de Havilland commenting on a Telegraph blog article claiming that “Ease and authority make David Cameron hard to beat“
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Who Are We? The Samizdata people are a bunch of sinister and heavily armed globalist illuminati who seek to infect the entire world with the values of personal liberty and several property. Amongst our many crimes is a sense of humour and the intermittent use of British spelling.
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You can beat any slug given the will and a stick.
The IMF came out with their comments today.
The combination of “lose monetary policy and tight fiscal policy” followed by Mr Cameron is correct – they claimed.
Well “lose monetary policy” means the credit money bubble.
But as for “tight fiscal policy” – there is a vast deficit.
For a year now (but especially yesterday) we have had tidal wave of nonsense from the “expert economist” about the “savage cuts”.
I will be surprised if government spending, overall, is going down at all.
The whole “massive cuts” thing is web of lies.
And our whole political discourse is caught up in it.
The govenment even likes the nonsense talk about “massive cuts” – because it “calms the bond market”.
However, this policy (of more taxes, more credit money creation – and no real reduction in government spending) will fail (is failing).
And when the failure becomes clear – people have been taught that it is all the fault of the free market and “massive cuts”.