Friday
Dec122008
Five Labour administrations, five devaluations
Dec 12, 2008 Labour James Bartholemew asks a very pertinent question: why is there always a run on the pound when Labour is in power?
Dec 12, 2008 Labour 
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Bishop Hill is not a bishop. He's not actually called Hill either. He is an Englishman who lives in rural Scotland.
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Reader Comments (4)
"Just one little wafer Monsieur"
If your core philosophy is that an educated elite can spend society's wealth better than the individuals within that society, then faced with a failure to improve outcomes, you either stop believing that or you increase the amount of wealth that you spend.
We should be grateful. The piles of dead bodies that invariably result from more revolutionary philosopher king societies surely are caused by the same frustration at their inability to remould society. Democracy at least slows the death spiral.