Short-term actions of an electorally desperate Prime Minister
Monday, 19th January 2009
Letter to the Daily Telegraph
Sir
Roger Bootle argues that the recession "is thoroughly manmade. And what man has done he can undo." (There's no escaping Logic, 19 January 2009). This is akin to arguing that a man with a sledgehammer can put back together the object he has just smashed to pieces.
Austrian economics encourages the interplay of market forces on voluntary terms – not on terms set by the same misguided Government and central bank that set the incentive framework for the original credit binge. Far better for long-term economic recovery to be led by the decisions of millions of consumers and suppliers rather than the misguided short-term actions of an electorally desperate Chancellor and Prime Minister .
Yours etc,
Syed Kamall
Conservative MEP for London
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