Notes

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16 Oct 11:

Prophetic article, written just before the financial crisis, about "bullshit britain" and the trade deficit: http://www.moneyweek.com/news-and-charts/economics/the-uk-trade-deficit---does-it-matter


How we can tackle the economic crisis

Prices must fall

In order for prices to fall, the following must happen:

  • Take our money back from the banks. Allow the housing market to crash. The cost of living will come down.
  • Abolish unemployment benefits.
  • Abolish fuel duty. Get the country back on its feet.
  • Abolish the minimum wage.
  • Let the pound devalue, making our exports more competitive.

Growth must happen too

Growth will come from the following:

  • Government must "seed" industries by setting up factories. These will provide employment, and exportable products.
  • Government must build more houses.
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