Pain but Gain

how could anybody fall for this liberal guff.

I would never go along with the idea that that the ends justify the means. Let's collapse the pound, raising the price of imports, and lower interest rates, so as people stop saving because their return is so small it is not worth it.

The implications for inflation with a falling pound are appalling. We want to export our own unemployment. Our manufacturing base over the years has been decimated, our balance of payments would provide evidence of that. The one saving grace was our services industry, well we know what is happening to that.

As for deflation, well we need that to bring back some semblance of order. One minute we are told that inflation is bad, now deflation is bad, I agree but for who. For example, as the demographic time bomb hits then peoples wages will decline rapidly. This is on the basis that pensions are nothing but deferred wage, anybody disagree. Deafening silence.

The utilitarians are in the ascendency at the moment, the happiness principle, but there is also the harm principle, and if the chancellor reflates on monday then we are harming the future for our children and grandchildren.

I could go on but the answer is higher taxes now, higher interest rates, an increase in unemployment, a decrease in wages, lower asset values, in short a bit of pain now, but in the long run, well no pain no gain, so go for it conservatives, let's enter the real world.