Wednesday, 19 June 2013

What do you call a limbless man in a pile of paper dollars

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The Green’s Russel Norman has backed down on the plan he issued so loudly last year—loudly, frequently, and to everyone who would stand still to listen—to fix all the country’s ills by printing money.

His plan was killed not by his realisation that he was talking fruitcake economics, but because of a tidal wave of rational outrage at the Ginger Whinger’s insanity. Or in Greenspeak, “The feedback we’ve received on that element of our proposal made clear it did not have the broad support it would need to work.”

Crikey, even their potential coalition partners in the Labour Party were embarrassed by it. And given what emanates from their policy department, that takes a lot.

Just to remind you how his policy was intended to work, here’s John Clark and Brian Dawe to explain it.

I look forward now to him abandoning all the other loopy policies he’s espoused since taking over the co-leadership.  (Yeah, right.) 

In the meantime, here’s a joke:

Q: What do you call a limbless man in a pile of paper dollars?
A: Russel.

7 comments:

  1. and if he can't get this right, who in his right mind would let him get within an orbit of the Treasury portfolio....

    ReplyDelete
  2. ..did not have the broad support it would need to work.”

    So if enough loonies get together foolishness becomes non-foolishness?

    I personally think there is some scope for low interest govt credit for capital works where the money gets repaid but I suspect Russell was just going to give it away to those that hadn't earned it.

    ReplyDelete
  3. So if enough loonies get together foolishness becomes non-foolishness?

    I think that might just replace PC's wolves/sheep/dinner analogy for democracy in my quote library! :)

    ReplyDelete
  4. the drunken watchman20 Jun 2013, 21:03:00

    what would you rather have:

    1/ an inability to sell your milk in China because you were forced to trade in a currency whose exchange rate was controlled by a government and your pricing thereby rendered uncompetetive, or

    2/ trade + inflation?

    anyone for 3?

    ReplyDelete
  5. the drunken watchman20 Jun 2013, 21:12:00


    oh, I know :)

    3/ economic freedom, trade without any governemnt controls

    Meantime, back in the real world....

    ReplyDelete
  6. the drunken watchman20 Jun 2013, 21:15:00


    still no takers for 2/ ?

    care to tell me why it is worse than 1/ ?

    ReplyDelete
  7. the drunken watchman20 Jun 2013, 21:23:00



    oh and btw,

    how are gold and silver, Spain and the PIGS doing these days?

    ReplyDelete

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