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Blogs by Gregory K Sams
Who are they kidding? (most of us) 2/4/2010 9:14:10 AM
Which is the greater crime - fiddling a million or printing 200 billion?
So MP's scurrilous claims total ONE million pounds. Oh shame, what a waste of our money!
Meanwhile we find that 200 THOUSAND times that amount has been printed already and are expected to rejoice that they are not extending the program.
Every "quantitative" pound printed dilutes the value of the British currency by a pound. Whatever we've saved and whatever we earn is reduced in value through the inflation that inevitably follows. The people of Britain will be £200 billion pounds poorer through the mismanagement of our economy by these self-same MP's and all we get upset about is the paltry million with which they build their moats and buy their dog biscuits.
I bet that they won't forget to inflation-index whatever new MP allowances scheme they implement.
