Tuesday, September 25, 2012

Saturday, September 22, 2012

Facebook Page

My Facebook page is here: http://www.facebook.com/DrRohenKapur If you have come here from the BBC website by clicking on my name welldone and please feel free to peruse and see my other pages and to use the link to the YPP blogspot to access the manifesto

Finally the BBC get their act together.

http://www.bbc.co.uk/news/uk-england-northamptonshire-19635837 This was the full text from which it has been culled and edited: I'm standing for the Young people's Party in Corby Why I'm standing is because people are fed up with politicians, in fact we're all fed up with them because they promise so much and deliver so little. That includes, UKIP, Tory, Labour, Lib-Dem, BNP,and the Greens. I stood before as an Independent in Hornsey and Wood Green in the General Election. I promise to deliver. The Party was set up by Mark Wadsworth ( formerly of UKIP) and is based on sound economic principles and the best part of all is that we can cut taxes, keep spending at relatively good levels and maintain services and yet boost the economy by getting rid of income tax, and VAT. Of course this would involve leaving the EU, but that is only one of our policies. Our full manifesto can be found here. You may think that this is impossible but its been costed out several times by Mark who is an accountant and tax adviser. Now of course those are national issues, local issues which I would be supporting when elected, if elected would be the establishment of a nightclub and other nightlife activities in Corby, because there are none and the young people there have to travel to either Northampton or Kettering for a night out, which they rightly complain about. We are of course against Wind Farms because they generally do not generate enough electricity to make them economically viable, we would end their subsidies and this would stop landowners putting them on their land because there would be no financial incentive to do so. There is discontent in the general populace about the general influx of Eastern Europeans, who are prepared to work for less wages than the local population. How I would sort this out is a little bit more complicated but I would try my best. The other local issue is the level of NHS service in the Corby area, At present everyone has to go to Kettering General, which is under severe budget cuts, and the service there is not so much creaking under the strain but barely functioning, which is a major problem. The other nearest hospital is Peterborough which is 15 plus miles away. Its obvious that the Corby and East Northants area needs another hospital/health with 24 hour A&E services. I used to work at Kettering General and it was creaking back then in 2003-4 How it is now, is even worse no doubt. We feel that we are better than the single issue parties, and the Monster Raving Loonies as we have a full properly costed out manifesto based on common sense and proper accountancy, something which the current government seems to ignore with its wild spending sprees which waste money. We deplore deficit spending and aim to repay the National Debt within 10 years of being elected as the majority party. I would of course set up residence in the constituency and give someone from there a job, as my secretary and PA.

Friday, September 21, 2012

On Quantitative easing and the perils that lie within

In this world, what isn't lacking, somewhere, though?
Sometimes it's this, or that: here what's missing's gold.
- Goethe, Faust, Part II, translated by A.S. Kline

Paul Krugman, in his New York Times column of August 24, "Galt, Gold and God," rails against an interest in the gold standard, which he attributes to Paul Ryan. Krugman lambastes Ryan, ironically enough, for an observation the latter made paraphrasing Keynes: "'There is nothing more insidious that a country can do to its citizens,' he intoned, 'than debase its currency.'"

Rather than alluding to Ayn Rand's Atlas Shrugged, however, Krugman would do well to dig into a classic: Goethe's Faust, Part II. Scott Minerd, chief investment officer at Guggenheim, writing in the Financial Times recently, brilliantly called contemporary monetary policy "the ultimate Faustian bargain."

Paper money comes straight from Mephistopheles. The History of Money by Jack Weatherford recounts the story.
Faust and Mephistopheles visit the court of the emperor during the pre-Lentin carnival season of masquerades and tricks. The emperor is besieged by his treasurer and stewards reporting the lack of funds and the need to pay the wages of the soldiers and servants. His moneylenders demand payment on debts, and even the wine bill has come due.
Mephistopheles offers the emperor a way out of his financial mess. He has found the key to making gold, the secret that all alchemists had sought for centuries. He obtains from the emperor permission to print paper money-"the heaven-sent leaf."
Faust comes to the emperor's carnival ball dressed appropriately as Plutus, the god of wealth, and through magic, he and Mephistopheles show the emperor the riches he can have by printing money. ... He has based the value of his money on the future mining of gold, the untapped treasures still buried in the earth. ... The new money has been unleashed to the great joy of creditors, debtors, soldiers, and other citizens. Already people are ordering new clothes, and business booms for the butcher and baker. Wine is flowing freely in the taverns, and even the dice roll more easily. Priests and prostitutes scurry about their business with greater enthusiasm because of the new money, and even the moneylenders are enjoying a brisk new business.

At first, the spread of Faust's new money brings happiness and improvement, but soon the hidden costs begin bubbling to the surface. ... Soon social unrest in the newly enriched nation leads to rebellion, and a new anti-emperor rises to challenge the old one.

The perversity? Monetary shenanigans represent a short-term fix but the long-term cause of economic, social, and political woe. Thus do Neo-Keynesian economists such as Krugman enlist in the Devil's Party. "Easy money" advocates propound QEs and Twists and other weird devices to generate a brief relief for the economy. They ignore the seeds of destruction thereby sown.

Borrowed shamelessly from here and here

Sunday, September 9, 2012

Oundle and Fotheringhay

The YPP started their campaign in Oundle and Fotheringhay today in East Northamptonshire. It was a beautifully sunny day and we met lots of people who are fed up with the political system. We are here for you, because we are fed up too. We are trying to be the change we want to see in the world. It was great to meet you all today and we will be back to canvass some more and spread the word that we are here for the disgruntled, the disabled, and the disenfranchised who cant stand the major parties who promise so much and deliver so little.

Sunday, September 2, 2012

Sunday Fun or Twas the night before Mitt-mas

'Twas the night before Mitt-mas, and in a swing state We righties were meeting to gin up some hate. The flat-screens were hung from the rafters with care, To show every angle of Mitt’s perfect hair. The pundits were breathless, replaying the tape Of Akin who’d mentioned “legitimate rape.” While Mitt, with his programmers writing new code, Had just settled down into hibernate mode. When out on the trail, ol’ Tom Smith lit up Twitter, With words that were sure to make women-folk bitter. “From a father’s perspective it’s all the same thing If your daughter is raped or has sex with no ring.” For how you conceive shouldn’t matter at all But what happens next should be government’s call. A cluster of cells that can’t live on its own Should have the same rights as a man fully grown. Then after nine months when the baby arrives That’s when we’ll step back and get out of your lives. The baby needs health care? And schooling? And food? Stop asking for handouts—you’re being quite rude! No health care! No clean air! No safe water now! No rules to make sure that you don’t get “mad cow”! No fire or police who will come when you call! Now slash away! Slash away! Slash away all! If you can’t survive, why, that’s all your own fault. For we have decided it’s time to go Galt. Grab hold of your bootstraps and give some hard yanks, We have our priorities: tax cuts and tanks. Get lost in the twinkling of Paul Ryan’s eyes And then you’ll forget our campaign is all lies. “Obama cut Medicare! He’s such a jerk!” “He’s giving your money to those who don’t work!” Forget that it’s we who want seniors to pay Forget that we’re taking full coverage away. It’s merely an annual six grand to bear And hey!—we will still keep the name “Medicare”! Forget that it’s our plan that’s lacking detail, Forget that economists give us a “fail.” We cannot allow you to see all our cuts Because if you did you would know we are nuts! We cannot afford to campaign on the facts And worse is the stuff that our candidate lacks. He’s Gekko from Wall Street with none of the charm His permanent setting is “odious smarm.” Mitt’s boorish, elitist, insulting and rude: “These gas-station cookies do not look like food.” “Hey, losers, your rain ponchos look awfully cheap.” And “Who let the dogs out?” (Good lord, he’s a creep!) His money is parked in exotic locales And NASCAR team owners are some of his pals. And then there’s Rafalca, his wife’s dancing horse, A “business expense” on Mitt’s taxes, of course. He flip-flops, he waffles, he flexes, he bends, He says “corporations are people, my friends!” Unscripted exchanges he tries to avoid We work to protect him, our candidate droid. He won’t show his taxes—not ever, no way! He can’t let the peasants see he did not pay. He may yet reveal it—he is Mr. Gaffe— His "tell" is that horrible, fake, hollow laugh. But we’ll focus on race: "Born in Kenya, I hear!” And hope that our poll numbers somehow stay near. We’ll smear and we’ll lie, and we’ll even swift boat Then do what we can to suppress the Dem vote. So enjoy our finale, it’s going to be grand This great celebration of all things Ayn Rand! From here, where the palm trees are just the right height, "Happy Mitt-mas to all!" (And remember—Mitt’s white!) Borrowed shamelessly from here

Saturday, September 1, 2012

Government debt

"Government debt is every politician's dream: it gives him or her the ability to buy votes by spending on government programs ( with funds raised through borrowing) that will make him or her popular now, while putting the lion's share of the cost on future taxpayers who must pay off the debt through taxes. It is the ultimate political something for nothing scheme." "Consequently, the taxpayers are duped in to acquiescing into a bigger government than they would if they had a clearer picture of the true costs of government. The chickens eventually come home to roost" (quoted from Hamilton's Curse by Joseph DiLorenzo) At the time of writing this the debt for every single man woman and child in Britain stands at more than £40000 per person each. That's how much tax the government has to raise just to service current government debt, and it gets worse every year, Whilst Labour were in Power they borrowed 234 billion pounds, such that the debt they created will have to be paid off by our grandchildren. I understand at the moment in Corby that people are thinking ( according to the polls) about voting Labour in. Have you forgotten what Labour did to this country over 13 years already? Truly I am amazed at your forgiveness to the party that borrowed so much money and made life so difficult for you and raised taxes.