Daniel Hannan: Misesian?
From about 5:00:
“You know, all the guys watching this program will know people who are in debt. You know, they have got five credit cards. They have overspent on them. And what would be the advice that you would give to somebody in that situation? You would say, curtail your spending. You know, try and live within your means. Keep your budget down.
But, when it is a government, the advice is, no! Spend more! There’s this brilliant magic wand called Keynes. And it means that, the more you spend, the more you borrow, the better you’re going to actually make the economy.
Well, you have to be either a banker or a politician to think that way.”