Sixty Joyless De-Britished Uncrowned Commonpoor Years (1949-2009)

Elizabeth II Vice-Regal Saint: Remembering Paul Comtois (1895–1966), Lt.-Governor of Québec
Britannic Inheritance: Britain's proud legacy. What legacy will America leave?
English Debate: Daniel Hannan revels in making mince meat of Gordon Brown
Crazy Canucks: British MP banned from Canada on national security grounds
Happy St. Patrick's: Will Ireland ever return to the Commonwealth?
Voyage Through the Commonwealth: World cruise around the faded bits of pink.
No Queen for the Green: The Green Party of Canada votes to dispense with monarchy.
"Sir Edward Kennedy": The Queen has awarded the senator an honorary Knighthood.
President Obama: Hates Britain, but is keen to meet the Queen?
The Princess Royal: Princess Anne "outstanding" in Australia.
H.M.S. Victory: In 1744, 1000 sailors went down with a cargo of gold.
Queen's Commonwealth: Britain is letting the Commonwealth die.
Justice Kirby: His support for monarchy almost lost him appointment to High Court
Royal Military Academy: Sandhurst abolishes the Apostles' Creed.
Air Marshal Alec Maisner, R.I.P. Half Polish, half German and 100% British.
Cherie Blair: Not a vain, self regarding, shallow thinking viper after all.
Harry Potter: Celebrated rich kid thinks the Royals should not be celebrated
The Royal Jelly: A new king has been coronated, and his subjects are in a merry mood
Victoria Cross: Australian TROOPER MARK DONALDSON awarded the VC
Godless Buses: Royal Navy veteran, Ron Heather, refuses to drive his bus
Labour's Class War: To expunge those with the slightest pretensions to gentility
100 Top English Novels of All Time: The Essential Fictional Library
BIG BEN: Celebrating 150 Years of the Clock Tower

Tuesday, 27 January 2009

The Queen's money squandered by crazy Keynesians and drunken spendaholics

THE QUEEN WITH ALL HER ROYAL PALACES AND GOLD RICHES has always been a picture of parsimony, prudence, restraint and thrift compared to our insanely profligate political culture. All this massive public deficit spending led by that fiscal socialist, George W. Bush, the five trillion dollar man, is deeply deeply wasteful and hugely irresponsible, and will most certainly bite us all in the ass in the end. Gordon Brown too is a glutinous pig, so is Stephen Harper with his tens of billions in throwaways announced today, though not yet nearly to the same extent. Fiscal stimulus is a forlorn hope, at best government acts like a big clumsy retarded giant when attempting to pull and push the unwieldy, mammoth levers of a nation's economic pulse. Apart from handing money back to taxpayers to spend and save as they see fit, it is a criminally dumb thing to try and do. It won't work, it'll just saddle us with future gargantuan debt loads and it'll be decades before we climb back to where we were. We just never learn, do we. It's back to the future once again.

What this recession calls for is a little stinginess on the part of everyone, to save and invest for the future and stop overextending ourselves which got us into this credit mess in the first place. We need to become Scrooges not spendaholics to free ourselves from this cycle of debt and put us back on a sound footing once again. Short-term pain for long-term gain, instead of the other way around. But common sense and stingy doesn't sell in an economy and population and politicians addicted to the instant gratification of borrowed money.

I prefer stingy alright, I prefer stuffy dukes over slick politicians, like I prefer stern fathers over dead-beat dads. As always, count me with the minority. Democracy, the God that failed indeed.

7 comments:

Anonymous said...

Correct. Everyone's just nuts printing money as if it's our last best hope. We will pay dearly for it.

MrRonfeld said...

It was a very good post, but not nearly as much fun once I realized the headline did not read (as I first saw it, with my still morning bleary eyes) "The Queen's 'monkey' squandered by crazy 'Kenyans' and drunken spendaholics.

Aeneas the Younger said...

This is not 1991 or 1981.

It's called deflation.

This is a critical moment in economic history.

Hiding dollar bills in between mattress and box spring will only exacerbate the current problem.

J.K. Baltzersen said...

It's called deflation.

Sir,

There may be a price deflation. In assets, certainly.

But we are seeing serious monetary inflation. This shows a monetary inflation for USD of 94 % in just 4 months (Aug 1 to Dec 1). That's the equivalent of 630 % in a year (1.94^3 = 7.30).

The U.S. Federal Reserve is inflating the American dollar like crazy. Sooner or later that will result in price inflation.

Aeneas the Younger said...

Sir:

The fact that the inflation of the money supply is not countering the deflationary spiral is a sign of how serious this has become.

We are living history. Are we up to the challenge?

Or do we just mouth more liberal platitudes from "The Wealth of Nations"?

J.K. Baltzersen said...

We are living history. Are we up to the challenge?

How do you, sir, propose we rise to the challenge?

Aeneas the Younger said...

Let's be bigger than ourselves for a start. Economic dogma has to be discarded, for like all dogma is it the product of irrationality.