Warum gibt es etwas und nicht nichts? (Why is there something rather than nothing?) - Leibniz
Saturday, July 19, 2008
Should sterling now decline against the US dollar?
Mish thinks so, now we've decided to borrow our way out of a recession.
Also interesting to hear the discussion on Radio 4's Any Questions, where the assertion that Gordon had stuck to the EU's "40% of GDP" borrowing guideline wasn't challenged by anyone, despite the massive off-book PFI financing.