Daily Archives: June 25, 2009

“Cuts and tax rises: there’s no other way”

This was a front-page headline in this morning’s Daily Telegraph, and it appears to quote Bank of England Governor Mervyn King.   I hate to disagree with such an authority as Mervyn King, who seems exceptionally wise and well-balanced.  His … Continue reading

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Our unprecedented Prime Minister

A key objective of political leaders is to avoid being seen as a “Lame Duck”.  Once that label sticks, the expectation of mortality is established, the prophecy becomes self-fulfilling, and the only way is down.  This is a professional hazard … Continue reading

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