Over at The Cobden Centre, entrepreneur and Austrian-school economist Toby Baxendale stands courageously on the shoulders of great men to explain how we can begin to reconstruct our broken monetary regime. Baxendale explains that we can end the financial crisis, pay off the national debt and give a 28.5% income […]
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British taxpayers ordered to bail out euro – Telegraph
Via British taxpayers ordered to bail out euro – Telegraph: All 27 EU finance ministers have been summoned to Brussels on Sunday to sign up to a “European stabilisation mechanism. Britain will be unable to veto this as it will be put through under the “qualified majority voting” system. And the […]
Read MoreThought for the day: politics, debt and public choice
A joke doing the rounds by email at the moment ((And see also this speech by Mark Littlewood at the IEA, which makes good use of another version.)): While walking down the street one day a Member of Parliament is tragically hit by a truck and dies. His soul arrives […]
Read MoreThe future of public debt: prospects and implications
Via the Cobden Centre, a report from the Bank for International Settlements on public debt. Since the start of the financial crisis, industrial country public debt levels have increased dramatically. And they are set to continue rising for the foreseeable future. A number of countries face the prospect of large […]
Read MoreFinancial Armageddon: The Color of Debt
Via a number of blogs leading to Financial Armageddon: The Color of Debt: Here’s how it happened. See also this more detailed article. And via The Spectator:
Read MoreCentreRight: The Debt Clock goes on the road
Today is an exciting one for the TaxPayers’ Alliance – our UK Debt Clock starts its 1,300 mile tour of Britain, highlighting the vast scale of the national debt to taxpayers right across the country. via CentreRight: The Debt Clock goes on the road.
Read MoreDrowning in an ocean of debt
NB: The author is Tim Hewish, who I am glad to welcome as a contributor. — Steve We are drowning in an ocean of debt. The video above may be an American example, but it serves us well when highlighting the dire straits the British economy is in under this […]
Read MoreCranmer: Conservatives launch Debt Clock
Via Cranmer: Conservatives launch Debt Clock: What you could buy with the interest on Labour’s debt: If Britain was not going to spend £63.7 billion a year on debt interest, we could: Abolish fuel duty, inheritance tax, and stamp duty or Abolish council tax or Pay for 1.5 million extra police […]
Read MoreLabour’s Debt Crisis Campaign
The Conservatives have launched a campaign highlighting the human consequences of the current debt crisis. You can learn more here. Indebtedness is one of five main pathways to poverty. You can find analysis and proposals from the Centre for Social Justice here.
Read MoreBreakthrough Britain
If anyone still doubts whether British society is broken, they should read the reports of the Centre for Social Justice. When we consider family breakdown, educational failure, economic dependence, indebtedness and addictions, the human and financial cost of decades of top-down bureaucratic control becomes heart-breaking. And let’s not forget that, […]
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