1. PatNInterupt on London Summit Outcomes.: "I would like to see a broad recognition that government intervention remains the problem NOT the solution. Like turkies voting for Christmas I see people all over the world falling for the old trick ..." Show more »"I would like to see a broad recognition that government intervention remains the problem NOT the solution. Like turkies voting for Christmas I see people all over the world falling for the old trick of governments blaming the private sector for problems politicians themselves have created through the boom-bust economics of fiat money inflation and ill conceived (and incompetently performed) statist intervention. I fear that journey on The Road To Serfdom, paved with decent, honest and heartfelt (but hopelessly naïve) good intentions is now almost irreverisble. Socialists require nothing but equality, eventhough that inevitably means equality in misery. " Show less »
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3. 1 comment   |  Topic: World Affairs   |   Email to friends   |   Apr 02 2009 8:33:45 AM   |

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1. PatNInterupt is asking Gordon Brown: "Can you assure us that this G20 meeting will not lead the IMF to issue new SDRs that could ultimately cause a 'catastrophic economic holocaust of world-wide runaway inflation' as described by Murray Rothbard..." Show more »"Can you assure us that this G20 meeting will not lead the IMF to issue new SDRs that could ultimately cause a 'catastrophic economic holocaust of world-wide runaway inflation' as described by Murray Rothbard in his highly prescient 1960s' book "What Has The Government Done To Our Money?": "the ultimate goal of most American and world leaders is the old Keynesian vision of a one-world fiat paper standard, a new currency unit issued by a World Reserve Bank (WRB)...such an international paper currency, while indeed free of balance of payments crises since the WRB could issue as much bancors [SDRs] as it wished and supply them to its country of choice, would provide for an open channel for unlimited world-wide inflation, unchecked by either balance-of-payments crises or by declines in exchange rates. The WRB would then be the all-powerful determinant of the world’s money supply and its national distribution. The WRB could and would subject the world to what it believes will be a wisely-controlled inflation. Unfortunately, there would then be nothing standing in the way of the unimaginably catastrophic economic holocaust of world-wide runaway inflation, nothing, that is, except the dubious capacity of the WRB to fine-tune the world economy." I have to say, hearing the chatter going into this meeting, I fear this is EXACTLY what governments want to happen. " Show less »
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3. 2 comments   |  Topic: World Affairs   |   Email to friends   |   Mar 30 2009 6:29:33 PM   |

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1. PatNInterupt is asking Gordon Brown: "When you were Chancellor and Sir Fred Goodwin was New Labour's favourite banker, you chose to elect him to be honoured for his 'Services to banking'. Am I correct in saying then that 'It is the right..." Show more »"When you were Chancellor and Sir Fred Goodwin was New Labour's favourite banker, you chose to elect him to be honoured for his 'Services to banking'. Am I correct in saying then that 'It is the right and fair thing to do' to now dis-honour him?" Show less »
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3. 0 comment   |  Topic: Politics   |   Email to friends   |   Feb 26 2009 9:33:06 AM   |

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1. PatNInterupt is asking The delegates: "In a January 2009 report - http://www.rbz.co.zw/pdfs/2009%20mps/mpsjan2009.pdf - the Zimbabwean authorities declared that "The Reserve Bank has noted and advised the public of the despicable laxity, ..." Show more »"In a January 2009 report - http://www.rbz.co.zw/pdfs/2009%20mps/mpsjan2009.pdf - the Zimbabwean authorities declared that "The Reserve Bank has noted and advised the public of the despicable laxity, recklessness and contagious greed that engulfed the banking sector over the past few months to the detriment of the economy." Do the delegates agree that using members of the regulated financial sector as scapegoats for the horrendous economic problems that are so glaringly the result of government incompetence is inexcusable, and could threaten social stability?" Show less »
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3. 0 comment   |  Topic: World Affairs   |   Email to friends   |   Feb 19 2009 5:02:42 PM   |

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1. PatNInterupt is asking The delegates: "To what extent has a narrow focus on inflation-targeting by central banks, whilst outsourcing (to the banking system) the role of maintaining monetary stability, actually created the economic problems..." Show more »"To what extent has a narrow focus on inflation-targeting by central banks, whilst outsourcing (to the banking system) the role of maintaining monetary stability, actually created the economic problems the world now faces? To that extent, should we not move further *away* from such a naive policy, rather than more strongly towards it as some, such as Ben Bernanke, continue to recommend?" Show less »
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3. 0 comment   |  Topic: World Affairs   |   Email to friends   |   Feb 17 2009 9:23:43 AM   |

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1. PatNInterupt is asking Gordon Brown: "Is ignorance of basic economics amongst the voting population, nurtured by government linguistic-deception, inevitable and a pre-requisite for governments to stay in power in the 21st century?"
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3. 0 comment   |  Topic: Politics   |   Email to friends   |   Feb 17 2009 8:27:15 AM   |

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1. PatNInterupt is asking Lord Malloch-Brown: "When the IMF and World Bank are looked at in the context of their original unstated objective (i.e. they were established by the US at Bretton Woods as institutions designed to perpetuate the US's "position..." Show more »"When the IMF and World Bank are looked at in the context of their original unstated objective (i.e. they were established by the US at Bretton Woods as institutions designed to perpetuate the US's "position of disparity" by creating impoverished client states in the third world) demonstrably these institutions continue to be some of the more successful examples of state intervention in modern history, no? Surely, therefore, the only sensible starting point of any discussion about changing the global financial and political architecture (assuming, wrongly possibly, that we mean for the general betterment of all?) is the replacement of the US dollar as the world's only monetary anchor?" Show less »
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3. 0 comment   |  Topic: World Affairs   |   Email to friends   |   Feb 10 2009 7:49:42 AM   |

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1. PatNInterupt is asking David Miliband: "The great Austrian economist Ludwig von Mises taught us that the general public unfortunately "does not blame the authorities for having fostered the boom. He reviles them for the inevitable collapse...." Show more »"The great Austrian economist Ludwig von Mises taught us that the general public unfortunately "does not blame the authorities for having fostered the boom. He reviles them for the inevitable collapse. In the opinion of the public, more inflation and more credit expansion are the only remedy against the evils which inflation and credit expansion have brought about." As expected, your 'solutions' inevitably focus on re-igniting the 'ponzi' economy. Is this because you seriously believe it to be the best economic solution,? Or is it because it is politically the most expedient?" Show less »
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3. 0 comment   |  Topic: World Affairs   |   Email to friends   |   Feb 09 2009 5:55:30 PM   |

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1. PatNInterupt is asking Gordon Brown: "Courtesy of the imminent depression, it seems politics in Western liberal democracies has finally descended into the mob-rule warned of by commentators of years past. "It is quite plain that your government..." Show more »"Courtesy of the imminent depression, it seems politics in Western liberal democracies has finally descended into the mob-rule warned of by commentators of years past. "It is quite plain that your government will never be able to restrain a distressed and discontented majority. For with you the majority is the government, and has the rich [middle class], who are always a minority,absolutely at its mercy. The day will come when...a multitude of people, none of whom have had more than half a breakfast, or expect to have more than half a dinner, will chose a legislature. Is it possible to doubt what sort of legislature will be chosen?...I seriously apprehend that you will, in some such season of adversity...do things which will prevent prosperity from returning; that you will act as a people would in a year of scarcity,devour all the seedcorn and thus make the next year, a year not of scarcity but of absolute famine. There will be, I fear, spoliation. The spoliation will increase the distress. The distress will produce fresh spoliation." - Lord Thomas Babington Macaulay. Your (and your appointees) policies are textbook it seems, no? " Show less »
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3. 0 comment   |  Topic: Politics   |   Email to friends   |   Feb 05 2009 5:56:41 PM   |

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