Saturday, Dec 13, 2008
Fantasy Island
Telegraph: Britain leads the world... at peddling fantasies
In one respect, the PM measures up to his claim to be leading the world: he has been the principal peddler of the prevailing fashion for fantasy over hard truth.
According to his fantasy, ever more of the borrowing that got us into this mess will get us out of it, and loading the economy with future higher taxes will not inhibit the forces of private enterprise as they pull us to recovery. This fairy tale is the true threat to prospects of future recovery.
Posted by sovietuk @ 08:23 AM (420 views) Add Comment
4 Comments
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1. japanese uncle said...
Professor Gordon of the Hogawrtian School of Economics
2. Eternal Sceptic said...
Obviously his doctorate in history taught him nothing about previous bubbles.But what else can you expect from a man that has never had a job in a real industry. I suspect crash Gordon has put us all on the road to Armegeddon. Bleating about it being a world wide catastrophe
does not alter the fact that while "the economy was in safe hands", the reality was that he single handedly loaded the handcart to Hell.
To talk about the lunatic being in charge of the asylum is realistically an insult to all lunatics.
3. alan said...
"The genuine threat is not so much of “doing nothing”, as Brown puts it – who seriously proposes doing zilch? – but in doing too many of the wrong things in a spirit of desperation and lengthening the duration of the slump". says the article. I agree.
4. titaniccaptain said...
@JU
"Professor Gordon of the Hogawrtian School of Economics"
Lol ha ha ha ha ha brilliant