Bob Piper
Bob Piper










Designed by Wibbler
Produced by Wibbler
Hosted by BatchTarget



Tee Hee   » Permalink  |  TrackBack (0)

From the comments on Conservative Home in response to someone suggesting that John Redwood was an essential read for those looking for insight into the state of the economy and an understanding of the financial markets:

Is this, 'That John Redwood'

From John Redwoods Website

Oct the 6th

Governments should look after taxpayers. Taxpayers cannot afford to nationalise the banks. If governments assume too many new risks by taking on the assets of the banks or buying them up, it merely shifts the problems from the private sector to the public sector. It does not solve it. The problem will then become how do governments pay all the bills? How can they finance themselves in a non inflatonary way? How high do taxes have to go? A banking crisis does not suspend the laws of public finance. Buying bank shares is just like hiring teachers or buying more paperclips for a government office - only less popular with the taxpayer.

October the 8th

At last the authorities have woken up to the scale of the problems in the money and banking markets. Any sensible person this morning wishes the government's plan well and hopes it will succeed. Let me begin with some supportive points....

Spot the difference

Posted by bobpiper on October 10, 2008, 9:23 AM  |  view comments (2) or add another



Trackbacks
TrackBack Link: http://www.bobpiper.co.uk/cgi-bin/mt/mt-tb.cgi/2457


Comments (or post a new one)

jailhouselawyer said:
October 10, 2008 3:03 PM | permalink

I feel like breaking out into song...

What a difference two days make.




Dirrty Euro said:
October 10, 2008 4:40 PM | permalink

Redwood has been chopped down by his own stupidity.





Post a comment

(If you haven't left a comment here before, you may need to be approved by the site owner before your comment will appear. Until then, it won't appear on the entry. Thanks for waiting.)