Douglas Carswell's Blog

Who is being contradictory on the economy?

Here is my list of top ten Coalition economic contradictions:

1. The belief low interest rates will increase the supply of credit. Lowering the price of something usually reduces its supply .....

2. The idea that we can restore sanity to public finances by increasing public sector debt by �600 billion during this Parliament.

3. Responding to a debt crisis by giving people every disincentive to save.

4. Re-balancing an economy built on excessive consumption by encouraging more consumption.

5. Re-balancing an economy overly reliant on the financial sector by giving massive state handouts to the financial sector.

6. Raising taxes, supposedly to pay down debt, but spending the additional revenue raised.

7. Ruling out any unfunded tax cuts, but endlessly going along with unfunded spending increases. (See 2 above).

8. Helping our European trading partners deal with the ruinous Euro .... by lending money in order to keep them locked inside the ruinous Euro.

9. Encouraging banks to lend more by raising reserve ratios, reducing how much they might lend.

10. Ensuring sound fiscal foundations for the future by printing money and getting busted banks to buy lots of government debt.

It does not have to be this way.

Just like the 1970s, an alternative to the failing Whitehall consensus can be found.

For a coherent, free market alternative approach to the economy, please keep reading this blog over the coming weeks.

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