“What the study I chaired actually said was we needed tougher regulatio...” — John Redwood Quote

What the study I chaired actually said was we needed tougher regulation of cash and capital in banks, as credit was too easy. Events proved that right.

The UK downgrade will come as little surprise to many. It does not appear to be occurring because the UK is cutting its deficit too far and too fast.

The Irish move to a very low corporation tax has generated very significant revenue growth, considerably in excess of Britain's, where a slower economy has been combined with a number of stealth taxes.

I am mightily relieved that my holiday does not come after a long queue with the National Holiday Service, complete with bedroom-sharing like the NHS.

If anything, the bailouts actually hindered lending, as banks became more like house pets that grow fat and lazy on two guaranteed meals a day than wild animals that have to go out into the jungle and hunt for opportunities in order to eat.

Information is lightning-quick. It crosses cities, states, and national borders in the twinkle of an eye. It passes through many kinds of devices, flowing from phone to phone and computer to computer, rather than being sealed away in those silent marble temples we used to call banks.

Wall Street, the banks, and corporate America, has been able to call the shots here. They control our members of Congress and they get what they want.

I'm very disappointed in Obama. I was very much in support of him in the beginning, but I cannot support war. I cannot support droning. I cannot support capitulating to the banks.