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Prime Minister, You Have Run Out of Our Money!

2 comments | 11:25 pm | top |
Conservative MEP for South East England Daniel Hannan addresses UK Prime Minister Gordon Brown on 26 March 09 in the European Parliament. A couple of gems from his speech (below): "the truth, Prime Minister is that you have run out of our money." And a little later on, in response to Brown's Keynesian approach, "you know - and we know, and you know that we know that it's nonsense". 1.8 million views in less than a week makes this a speech not to be missed.

Here's a good seven minute discourse on why Keynesianism doesn't work. This is summed up well with the quote, "Politicians just love to spend other people's money, and Keynesianism is a convenient rationale [for this]".

hat-tip: MandM

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Blogger Madeleine said...

It is fantastic isn't it? I still get goosebumps!

11:57 pm, April 01, 2009 
Anonymous Anonymous said...

I can't believe I only got around to watching that now. It's classic. Good to know there is someone with some sense in the European Parliament.

11:43 am, April 10, 2009 

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