Quote of the day 14tj August 2015

"The great H. L. Mencken said that "for every complex problem, there is an answer that is clear, simple and wrong."

The economic prescriptions of the Corbyn camp may sound attractive on the hustings but when you look at the detail, they're not that clear or simple and they definitely look wrong."

(The Economist magazine this week in an analysis of Jeremy Corbyn's economic proposals, "Stop cheering, Keynesians." They also suggest that

"perhaps the Corbyn programme won't be as contractionary as feared because it is not properly costed. But a failure to recognise reality is hardly a reason for endorsing a programme.")

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