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	<title>Steve Baker MP &#187; Incompetence</title>
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	<link>http://www.stevebaker.info</link>
	<description>One life. Live it.</description>
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		<title>The crucial fallacy underlying Labour&#8217;s rhetoric</title>
		<link>http://www.stevebaker.info/2011/11/fallacy/</link>
		<comments>http://www.stevebaker.info/2011/11/fallacy/#comments</comments>
		<pubDate>Thu, 24 Nov 2011 12:40:35 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Incompetence]]></category>
		<category><![CDATA[Labour]]></category>
		<category><![CDATA[Parliament]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10238</guid>
		<description><![CDATA[Having just read Chuka Umunna&#8217;s speech yesterday, I am sorry I was not able to make the debate. There is one particular fallacy underlying Labour&#8217;s rhetoric and this particular speech&#8217;s bluster: government cannot live forever beyond its means. Evidence I have presented elsewhere shows that the total tax burden has been around 42% of GDP ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/11/fallacy/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Operation Twisted Logic &#8211; Detlev Schlichter</title>
		<link>http://www.stevebaker.info/2011/09/operation-twisted-logic-detlev-schlichter/</link>
		<comments>http://www.stevebaker.info/2011/09/operation-twisted-logic-detlev-schlichter/#comments</comments>
		<pubDate>Tue, 27 Sep 2011 07:59:50 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[Books]]></category>
		<category><![CDATA[Central Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Incompetence]]></category>
		<category><![CDATA[Money]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=10012</guid>
		<description><![CDATA[Via Operation Twisted Logic, an article by Detlev Schlichter, author of Paper Money Collapse: The Folly of Elastic Money and the Coming Monetary Breakdown: &#8230; Like all state bureaucracies, the Fed is in fact struggling with problems that are predominantly of its own making. The Fed is the reason we are in this crisis. Or, more specifically, ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/09/operation-twisted-logic-detlev-schlichter/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>The greatest gift to the Greeks might be to let them go it alone &#8211; Telegraph</title>
		<link>http://www.stevebaker.info/2011/06/the-greatest-gift-to-the-greeks-might-be-to-let-them-go-it-alone-telegraph/</link>
		<comments>http://www.stevebaker.info/2011/06/the-greatest-gift-to-the-greeks-might-be-to-let-them-go-it-alone-telegraph/#comments</comments>
		<pubDate>Mon, 20 Jun 2011 06:18:28 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bailout]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[euro]]></category>
		<category><![CDATA[Greece]]></category>
		<category><![CDATA[Incompetence]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=9600</guid>
		<description><![CDATA[There comes a moment in any decent tragedy when the penny finally drops. The light breaks. The protagonist suddenly realises what a chump he has been &#8211; that he has somehow managed accidentally to marry his mother and kill his father &#8211; and that all his assumptions about his life are upside down. And the ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/06/the-greatest-gift-to-the-greeks-might-be-to-let-them-go-it-alone-telegraph/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Inflation Is Here, and It Is Going to Get Worse &#8211; Frank Shostak &#8211; Mises Daily</title>
		<link>http://www.stevebaker.info/2011/02/inflation-is-here-and-it-is-going-to-get-worse-frank-shostak-mises-daily/</link>
		<comments>http://www.stevebaker.info/2011/02/inflation-is-here-and-it-is-going-to-get-worse-frank-shostak-mises-daily/#comments</comments>
		<pubDate>Fri, 25 Feb 2011 09:07:20 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Incompetence]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[Money]]></category>
		<category><![CDATA[Sophistry]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8927</guid>
		<description><![CDATA[A great lesson on inflation from Frank Shostak appears on mises.org, including this quote from Ludwig von Mises: Inflation, as this term was always used everywhere and especially in this country, means increasing the quantity of money and bank notes in circulation and the quantity of bank deposits subject to check. But people today use ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/02/inflation-is-here-and-it-is-going-to-get-worse-frank-shostak-mises-daily/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>Incompetence at the Federal Reserve</title>
		<link>http://www.stevebaker.info/2011/02/incompetence-at-the-federal-reserve/</link>
		<comments>http://www.stevebaker.info/2011/02/incompetence-at-the-federal-reserve/#comments</comments>
		<pubDate>Thu, 17 Feb 2011 22:09:29 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Federal Reserve]]></category>
		<category><![CDATA[Incompetence]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8890</guid>
		<description><![CDATA[Via The Cobden Centre, astonishing remarks from the Federal Reserve Inspector General, who doesn&#8217;t know who received trillions of dollars from the Fed]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/02/incompetence-at-the-federal-reserve/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>The EU&#8217;s own Peter Principle?</title>
		<link>http://www.stevebaker.info/2011/02/the-eus-own-peter-principle/</link>
		<comments>http://www.stevebaker.info/2011/02/the-eus-own-peter-principle/#comments</comments>
		<pubDate>Tue, 08 Feb 2011 19:14:21 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[Incompetence]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8859</guid>
		<description><![CDATA[Via Find out more about a career in the European Union &#8211; Telegraph: Of course – it’s not for the faint hearted. The work is challenging. The EU Civil Service is relatively small. From your first day, you can expect to have a decent level of responsibility – you will instantly be the ‘go-to’ person ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/02/the-eus-own-peter-principle/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Alternatives to capitalism: Nikolai Bukharin on the division of labour</title>
		<link>http://www.stevebaker.info/2011/02/nikolai-bukharin-on-the-division-of-labour/</link>
		<comments>http://www.stevebaker.info/2011/02/nikolai-bukharin-on-the-division-of-labour/#comments</comments>
		<pubDate>Mon, 07 Feb 2011 06:01:56 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Capitalism]]></category>
		<category><![CDATA[Communism]]></category>
		<category><![CDATA[Incompetence]]></category>
		<category><![CDATA[Market Intervention]]></category>
		<category><![CDATA[USSR]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=3473</guid>
		<description><![CDATA[A favourite brought forward. Thinking about the pressures on capitalism &#8212; or rather, on the interventionism that passes for capitalism today &#8212; and on the alternative which was most comprehensively implemented, I discovered this recipe for chaos and failure from Bukharin: Under communism people receive a many-sided culture, and find themselves at home in various ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/02/nikolai-bukharin-on-the-division-of-labour/feed/</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>ConservativeHome&#8217;s Platform: Steve Baker MP: The EU is not yet beyond ridicule</title>
		<link>http://www.stevebaker.info/2011/02/conservativehomes-platform-steve-baker-mp-the-eu-is-not-yet-beyond-ridicule/</link>
		<comments>http://www.stevebaker.info/2011/02/conservativehomes-platform-steve-baker-mp-the-eu-is-not-yet-beyond-ridicule/#comments</comments>
		<pubDate>Thu, 03 Feb 2011 11:39:15 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[EU]]></category>
		<category><![CDATA[humour]]></category>
		<category><![CDATA[Incompetence]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8832</guid>
		<description><![CDATA[Via ConservativeHome&#8217;s Platform: Steve Baker MP: The EU is not yet beyond ridicule: I enjoyed delivering a brief polemic against EU spending in yesterday&#8217;s debate on the 16th consecutive failure of the EU budget to pass audit. Over 90% of EU spending was &#8220;materially affected by error&#8221; but I shared three stories which were apparently ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2011/02/conservativehomes-platform-steve-baker-mp-the-eu-is-not-yet-beyond-ridicule/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Central banking and the economic consensus condemned</title>
		<link>http://www.stevebaker.info/2010/11/central-banking-and-the-economic-consensus-condemned/</link>
		<comments>http://www.stevebaker.info/2010/11/central-banking-and-the-economic-consensus-condemned/#comments</comments>
		<pubDate>Mon, 15 Nov 2010 11:12:30 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Central Banking]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[humour]]></category>
		<category><![CDATA[Incompetence]]></category>
		<category><![CDATA[QE]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8484</guid>
		<description><![CDATA[Via The Cobden Centre: The absurd tragedy of our situation, explained brilliantly here (albeit in a US context), is astonishing. For a more formal corrective, see this primer]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2010/11/central-banking-and-the-economic-consensus-condemned/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
		</item>
		<item>
		<title>Bond bubble burst will gut gilt investors, warns Merrill Lynch – Telegraph Blogs</title>
		<link>http://www.stevebaker.info/2010/11/bond-bubble-burst-will-gut-gilt-investors-warns-merrill-lynch-%e2%80%93-telegraph-blogs/</link>
		<comments>http://www.stevebaker.info/2010/11/bond-bubble-burst-will-gut-gilt-investors-warns-merrill-lynch-%e2%80%93-telegraph-blogs/#comments</comments>
		<pubDate>Tue, 02 Nov 2010 09:34:54 +0000</pubDate>
		<dc:creator>Steve Baker</dc:creator>
				<category><![CDATA[Politics]]></category>
		<category><![CDATA[Bonds]]></category>
		<category><![CDATA[debt]]></category>
		<category><![CDATA[economics]]></category>
		<category><![CDATA[Incompetence]]></category>
		<category><![CDATA[Inflation]]></category>
		<category><![CDATA[QE]]></category>

		<guid isPermaLink="false">http://www.stevebaker.info/?p=8374</guid>
		<description><![CDATA[Compare and contrast: Via Bond bubble burst will gut gilt investors, warns Merrill Lynch – Telegraph Blogs: Never mind what the Bank of England monetary policy committee says about interest rates on Thursday. One of the biggest wealth managers in the world is discretely warning its income-seeking clients to beware of bonds issued by the ]]></description>
		<wfw:commentRss>http://www.stevebaker.info/2010/11/bond-bubble-burst-will-gut-gilt-investors-warns-merrill-lynch-%e2%80%93-telegraph-blogs/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
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