Yes, government investment should run counter-cyclical where possible. Boom-time investment is almost always more expensive, and in a recession borrowing usually gets cheaper for those with good cred… (View Post)

Worse than selling the gold, he announced in advance he was going to do it and tanked the price as a result. Also his famous “investment” that was mostly in tax credits, with actual capital investmen… (View Post)

It does appear that they’ve managed to burn through a disproportionate of political capital, compared to the amount of money raised for the Treasury. It would have been way easier to say that the las… (View Post)

Have to pay for Ed Miliband’s carbon storage scheme somehow. (View Post)

Government collapses in Germany, government about to collapse in Canada, government somehow still not yet collapsed in Korea, Russian general blown up in Moscow, British politicians and minor royals … (View Post)