Comments on: Cameron: he’s not going to be any better, is he?

By: Matthew

Matthew — Mon, 26 Oct 2009 12:19:41 +0000

Any comment on his latest wheeze of the banning of cash bonuses above a very small level?

By: Serf

Serf — Mon, 26 Oct 2009 10:20:39 +0000

Come on Tim, he can’t be any worse. I know he has made a number of economically dodgy statements, but I am willing to bet that he will be a better Prime Minister than the incumbent from a free market point of view.

By: Brian, follower of Deornoth

Brian, follower of Deornoth — Sun, 25 Oct 2009 21:07:07 +0000

Ah! PPE at Oxford.

That explains many things.

By: Newmania

Newmania — Sun, 25 Oct 2009 20:32:50 +0000

Thank god for that No Conservative should ever want to be a messiah . For David Cameron this phrase is not about the economy its about attacking Labour Policy .

I must say Tim you make a point here that I have been inwardly screaming every time I hear the words bank lending ….why would anyone led to the credit swollen non viable business models we have created . They have to go and the problem with counter cyclical demand management is that it is only a delay on supply side reform in the market.

Aka , there is still a lot of over priced shite out there and it needs to die

By: Mark Wadsworth

Mark Wadsworth — Sun, 25 Oct 2009 15:27:19 +0000

No he’s not. The bitter irony is he is supposed to have studied PPE at Oxford, quite clearly he didn’t understand a bit of it.

By: Adrian

Adrian — Sun, 25 Oct 2009 15:12:20 +0000

Not all borrowing is to fund expansion. Not all borrowing was too cheap. Don’t forget, Brown’s whole response to the recession was to borrow huge sums. Much of that was to preserve services and to pay people to avoid lay-offs.

Maybe business needs to do the same?

By: Crispinus et Crispianus | nourishing obscurity

Crispinus et Crispianus | nourishing obscurity — Sun, 25 Oct 2009 14:09:46 +0000

[...] below was inspired by the Quiet Man, speaking of Crispin and Tim Worstall speaking of [...]

By: jameshigham

jameshigham — Sun, 25 Oct 2009 13:54:54 +0000

It’s possibly not the time for messiahs right now, unless they be false.

By: Ed

Ed — Sun, 25 Oct 2009 11:30:53 +0000

We’re in this mess because banks lend too much money at too low an interest rate (i.e. they didn’t price risk properly). Now Cameron not only wants the banks to lend more but he wants the taxpayer to guarantee the loans

we have been calling for a national loan guarantee scheme. This would underwrite lending from banks to businesses

thus ensuring more mis-pricing of risk.

By: JuliaM

JuliaM — Sun, 25 Oct 2009 10:09:39 +0000

No. No, he’s not…