There is so much appalling stupidity going on at the moment, with the world's politicians trying to turn a bad recession into a cataclysmic depression, that I'm almost spinning with disbelief. If only Uncle Murray were still with us, he would know exactly what to say. I'll limit myself to one short paragraph per story:
Federal Reserve announces new $800bn boost to strengthen US economy
Just where exactly did they get this money, then? Were they holding it in reserve? Or did they just create it out of thin air. Even the Zimbabweans might be laughing at this one.
Why Gordon Brown the manic meddler had to take such a massive gamble
Brown decided to push government spending up to 60% of the UK's annual GDP simply to give himself a slim outside chance of winning the next election. Did the USSR even get to 60% of GDP? Even they allowed some private farming and industry! Not so much Nero fiddling while Rome burns. More like Nero chucking on the petroleum tar, and borrowing more from the Arab traders down in the port of Ostia.
Gordon Brown leads bankrupt Britain into the 1970s
Been there. Done that. Don't want to do it again. But do we have any choice? With Calamity Brown in charge of the men with guns, the only option is to leave the UK. How long will that remain an option? Expect exchange controls. Expect emigration controls to keep the taxpayer sheep locked tight in the fleecing pen! Expect riots, all police heavily armed at all times, and a heavy-handed fascist British state.
OECD says Alistair Darling's forecasts for recovery are too optimistic
I would put Alistair Darling's forecasts on a recovery on the same level as my chances of emigrating to New Zealand before the emigration controls come down and forcing Dan Carter out of his All Blacks number ten rugby shirt.
Oh what is the point continuing. You can read the papers too.
AngloAustrian summary: We are ruled over by imbeciles. Let us hope that one day they are made to pay for their utter stupidity.