Tim Congdon has thrown his hat in the ring to become the next leader of UKIP and that means UKIP could possibly end up with a leader whom I dislike even more than David Cameron (hard to believe, eh?).
I have disliked Tim Congdon long before I knew who David Cameron was. I remember him at a conference long ago – his reply to my suggestion that lending should be from real savings, and that governments should not subsidize or bailout banks (via such methods as the Bank of England lending them money) was to suggest that I supported a ban on overseas trade that (he stated) the Ming dynasty in China had imposed.
“Paul only you could hold a grudge over something like this” – not if the man had changed his opinions, but he has not (it is still corporate welfare all the way with him). Nor has he changed his manner – he does not debate, he just claims that foes do not understand banking.
If he means do not understand how to get paid lots of money for being an apologist for subsidies to the banks then he is right – although “understand” is not the correct word.