Keynes Vs Hayek Round 2

This is an absolute must watch for anyone confused over top down versus bottom up (or Keynes vs Hayek).

Favourite lines from my side (Mr Hayek):
"Wow, one data point and you're jumping for joy"

"Real growth means production, what people demand, that's entrepreneurship not your central plan"

"The question I ponder is who plans for whome. Do you plan for yourself or leave it to you, I want plans by the many not by the few"

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Rebalancing the economy

Just wanted to quickly share this little tidbit that the Spectator pointed out from CitiBank showing how the government really is managing to rebalance the economy towards exports and private sector investment. Whilst the two Eds (Ball and Milliband), and of course Gordon Brown believe that the only way out of a recession is public sector spending Osborne and Team and proving that it doesn't have to be the case.

Update:

The ONS has just released the Q1 GDP growth figures (0.5% growth), however the underlying figures show that the rebalancing of the economy is working. Manufacturing up 1.1%, Services up 0.9% and production up 0.4%.

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AV Sports Day

It's been a while but with the AV campaign hotting up I expect to be blogging a bit more in the coming 2 weeks or so.

The posts might even be more than just posting a new No to AV ad, like this one:

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