Tuesday 31 March 2009

Prime Minister, You Have Run Out of Our Money!

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

2 comments:

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

    ReplyDelete
  2. 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.

    ReplyDelete

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