[Politics] Show some restraint

[davywavy]

The Chancellor of the Exchequer, Alistair Darling, has asked that people show 'restraint' in their pay rises to help forestall inflation.
I dont' know about you, but this strikes me as the least-likely-to-be-followed piece of advice since "If you see a venemous snake, just stand still and it'll leave you alone" or "Never sleep with your ex".

But I may be wrong. It happens from time to time. What do you think?

[Poll #1211900]

Comments

[davywavy.livejournal.com]

A couple of years ago I had a debate on these very pages with someone purporting to be something of an economist in which they claimed that the govt. had managed the economy very well. Once I'd stopped laughing and realised that they actually meant what they said, I was astounded to think that someone whose job it is to understand money had a blind spot when it came to running a budget defecit in the middle of the biggest boom market the world has ever seen, apparently on the assumption that the market would continue to boom to pay this defecit off later.

Beggared belief, it really did.

[davywavy.livejournal.com]

What, you mean rather than run up the highest public sector debt ever and then change the reporting rules to hide it?

Yo're an old radical, you know?

[davywavy.livejournal.com]

It does strike me as somewhat shortsighted not to realise that when you borrow money there copmes a point that you really have to pay it back, and it helps if you save towards that day.

Unless you run Northern Rock, of course.

[davywavy.livejournal.com]

Some people think it worrying that Labour were beaten by the BNP, but ultimately I'm not surprised. The Nazis have nicer uniforms than the socialists and beyond that there's not much to choose between them.

[(Anonymous)]

You've been reading Hayek again haven't you? Just watch your blood pressure.