THE FREEDOM ASSOCIATION

Hey, don't blame the capitalist blame that Man Brown!

Capitalism has had a bit of a kicking recently, so much it drove me to leave my safe Oxfordshire village and head to a mass anti-capitalist protest which the press told us; and hoped, would turn into a riot. In fact what I saw of it was nothing of the sort just a peaceful day out for Communist and other lefties. I was with the counter protest organized by Rory Hodgson and Felix Burgundy of York TPA which was in favour of free trade capitalism. The thing we notice most was the amount of people who where non lefties but who felt let down by the bankers and the system.

After speaking to such people they seemed to agree that Capitalism and bankers where not at fault . Its Brown his Darling and the progressive socialist keynesian theory of economics who are at fault. After explaining that if capitalism was left to run it course you would not have the mass bail out for failed bankers like 'Fred the Shred'.

The message is not getting out to Great Briton about how much of a mess this 'New' Labour government is getting in with our economy. The pin up of Labour economics thinking is a chap called John Maynard Keynes he dose not only share Mandelson old merchant but the motion the best way out of a recession is to spend your way out. (If you like to know more about this theory please watch this video; that if you can stand the ascent) but in a nutshell the major problem keynesian is that we have to borrow lots and lots of money or print lots and lots of money. In fact we have done this, children are bring born with £17,000 (and counting) amount of debt rapped around there necks. I don't know how the logic follows that to bail out banks; who are going bust because they borrowed to much, is to borrow lots. Lucky we have got the bank of England as if we where to let Brown print money we will be stuffed. For one reason or the other the UK media is not hearing from the pro-capitalists it took the great Daniel Hannan to take Youtube by storm, then be picked up by the American media, to make it on our screens. Dan-Han believes we should follow the Kiwi approach and not bail out the bank and let the banks bail themselves out. If this happened we would not have spent 19% of our 2.13 Trillion GDP. This work out to be some thing like £400.60 billion we have spent on bail outs so far. If Dan-Han was in 11 Downing Street and a banks did go under we would be able to reimburse people like you and I who are savers.

Just think if Brown did not spend that money when he was Chancellor and saved some of it and not sold our gold he might have been better placed to for him to experiment with economic theories We can't change that and know he dug us in a hole and filled it debt we need to have sound economics and we need to explain to people that Brown is not sound. With the budget with in days and taxes will be going up just remember that its not capitalist fault it's because of that man Brown that we our all broke not sound capitalism.

Will Ireland be the first to exit the creaking Eurozone?

In the latest in a series of brilliant Daily Telegraph articles highlighting the growing strains within the Eurozone's one-size-fits-all economy, Ambrose Evans-Pritchard, reports that David McWilliams, one of Ireland's leading economists, has called on the Irish government to withdraw from the Euro.  MORE

Sir Alan Walters was right

The sad news of the death of Sir Alan Walters is a reminder that majority opinion is not always correct.

Sir Alan argued for strong control of the money supply at a time when Nigel Lawson was trying to move Britain towards membership of the European Exchange Rate Mechanism.  Most economists and establishment figures backed Lawson, but Margaret Thatcher's instinct that Walters was right proved, as usual, to be sound.

Had Sir Alan's views prevailed, Britain would have been spared the catastrophe of John Major's decision to take Britain in to the ERM and to keep her there long after wiser counsels, such as Lady Thatcher and Lord Tebbit, had warned of the need to leave it.  As it was, millions suffered from the deep recession caused by first shadowing the Deutsche Mark and then entering the ERM.

Lady Thatcher yesterday paid tribute to Sir Alan as "the best economic adviser any Prime Minister ever had - radical, fearless, consistent and creative."

In fairness to Lord Lawson, he has not only been most candid about the problems caused by shadowing the Deutsche Mark, but, in challenging consensus thinking on climate change, he has since demonstrated the same fearless pursuit of the truth as Sir Alan Walters did throughout his long and distinguished career.