Like two drowning sailors hanging onto one another in order to postpone the inevitable, overstretched banks thus accumulate the debt of insolvent governments to keep the façade of solvency up.
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That is one suspected reason for why the Icelandic government was so eager to roll over for the Dutch and the British – they were willing to bankrupt the nation to get their snouts trotter-deep into the EU troughs. If this means I can’t join the EU I regard the referendum result as a double win. – Commenter Bjarni April 10th, 2011 | 2 comments - (Comments are closed)
 February 11th, 2011 | 121 comments - (Comments are closed)
And that is called paying the Dane-geld; but we’ve proved it again and again, that if once you have paid him the Dane-geld you never get rid of the Dane. – Rudyard Kipling January 31st, 2011 | 31 comments - (Comments are closed)
The government can take away my freedom, but if they take away my internet porn, they’re going down – @arabist January 27th, 2011 | 32 comments - (Comments are closed)
… that ‘tax pros’ are worried that tax evasion will be greatly increased by new regulations in the USA
“Tax evasion could go viral”… what a pleasing concept. Well all I can say to these unnamed ‘tax pros’ laboring away tirelessly to make people ‘compliant’ is “from your lips to God’s ear”. Few things would help the growth of the culture needed for a fight back of liberty to succeed than something that not only induced contempt for the state but actively motivates self-interested resistance to the supra-constitutional tax gathering arm of the US government… and perhaps the single best form of resistance to an over-mighty state is keeping as much money as possible out of its hands. Encouraging tax evasion: far from being an ‘ugly side effect’ it is the unforeseen silver lining that may tip millions of apolitical business folk into unwitting de facto alliance with liberty’s anti-statist friends. January 26th, 2011 | 25 comments - (Comments are closed)
How about adding some math lessons to plot statistically the chance of an Arab suicide bomber and a gay socialist vegetarian pacifist wearing a Che Guevara tee shirt and no sense of irony all ending up on the same bus in London? Sigh…Math was never that much fun in my school days. State education is beyond parody. – Perry de Havilland commenting here January 23rd, 2011 | 6 comments - (Comments are closed)
German politicians view the monetisation of sovereign debt as the road to Weimar. They expect the ECB to be the heir to the Bundesbank and not the Reichsbank – Willem Buiter, Citigroup chief economist December 22nd, 2010 | 17 comments - (Comments are closed)
December 21st, 2010 | 25 comments - (Comments are closed)
December 12th, 2010 | 16 comments - (Comments are closed)
I mean there’s enormous pressures to harmonize freedom of speech legislation and transparency legislation around the world – within the EU, between China and the United States. Which way is it going to go? It’s hard to see. – Julian Assange December 4th, 2010 | 57 comments - (Comments are closed)
In the run up to the election I was constantly told my intention to vote UKIP would do more harm than good by diluting the Conservative vote and potentially allowing Labour to remain in office. My response to that threat was to point out that if Cameron was elected his statist policies and abandonment of what many still regard as Conservative values would be vindicated, thus exposing the country to the risk of a second Cameron term, and the certainty of a centre left, statist monopoly in politics. If Cameron failed, especially if UKIP could claim the credit, the Conservative party would tear itself apart in a very messy but exciting orgy of blood letting before the traditional Conservatives (the Thatcherites if you like) joined UKIP supporters to form a new, electable centre right party and we would have a real choice at the next election. Cameron and his allies would no doubt have joined their friends in the Labour party. The Conservative name would have died, being soiled beyond recovery. I fear the coagulation has saved Cameron and cost the country dear. – Commenter MarkE November 23rd, 2010 | 9 comments - (Comments are closed)
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