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Tuesday, November 23, 2010

VIDEO: "Britain's Trillion Pound Horror Story"

Stop whatever you're doing and watch this right now.

This charming documentary on the debt was created by Martin Durkin and aired on the UK's Channel 4 earlier this month. It is one big refutation of the Broken Window Fallacy, a crash course in the political economy of Frédéric Bastiat and Henry Hazlitt, and gives the lie to the popular notion that the Cameron-Clegg coalition are actually making reductions in state spending:

(h/t Trevor Loudon)

Posted by Kalim Kassam on November 23, 2010 in Economic freedom, Film, International Affairs, International Politics | Permalink


There should be a series of compulsory exams for newly elected or re-elected MPs and until scoring 100%, one isn't allowed to vote on the floor. This is just one of many such questions that should comprise the exam. It wouldn't improve the quality of the elected but at least ensure a minimal level of knowledge before they engage in their deceitful and destructive trade.

Posted by: John Chittick | 2010-11-24 9:56:34 AM

John, there should perhaps first be a compulsory exam for voters, and only those who pass would be allowed to vote.

Posted by: Alain | 2010-11-24 6:06:51 PM

only those who pass would be allowed to vote.

Posted by: Alain | 2010-11-24 6:06:51 PM

The apathy shown at elections now would seem like a major patriotic success if the public actually had to get involved or pass a exam.

Posted by: peterj | 2010-11-24 9:36:33 PM

Good point Alain, but it's the arrogance of the ruling class that was most disturbing about their accompanying ignorance. Rather than test the electorate and while encountering the resistance from HRCs anyway, why not move to the principle that he who pays the piper calls the tune. IOW, for every, say $1000 of taxes paid to a governing body (public non-military employees need not apply) there is one vote allowed. This would overcome the irreversible slide into entitlement leviathan from the effects of progressive taxation. No representation without taxation.

This may seem unfair to public employees (and welfare bums, prison inmates, etc) but when one considers that they are net consumers of tax money and as voters, they are in potential conflict of interest, particularly if unionized. This would also dis-incentivize service industry roles which, are currently and arbitrarily government run and could be privatized (Utilities, Crown Corps, CMHC, Canada Post, CBC etc).

Posted by: John Chittick | 2010-11-25 12:04:38 PM

I suppose that one could take the notion of insurance to its logical conclusion and require that all politicians, elected and incumbent, be required to carry a one billion dollar bond before they can hold office. If they fail to performance in a sound and fiscally prudent manner, and are bounced from office, they will forfeit their bond, and be subject to personal and financial ruin. This will keep them in line.

Posted by: AB Patriot | 2010-11-25 7:31:34 PM

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