Tuesday, October 21, 2008

Trollied Tuesday: restoring liquidity

As policymakers and commentators scramble to rediscover Keynes in a desperate attempt to defuck the economy, let's follow the pack (for a moment) and remind ourselves of one of his most enduring statements: "My only regret in life is that I did not drink more Champagne."

Remember also his dictum that when you save money in a time of recession you put someone out of work and - surely you'll all remember this - "in the long run we are all dead" and it's clear what we should do.

Remember champagne is best as a morning drink. The odd glass at breakfast time isn't enough to stave of a recession in itself, mark you, but it should make it a whole lot shorter than would otherwise be the case.

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