Airstrip One

Doubting Whittam Smith

The pundit speaks: I am all for European integration but I could have told you that the Euro won't work. Didn't you see me standing up and saying so. Well, it's Germany, you see. They could deflate (although they look like they already have - Ed). What they need is a solid bout of Keynesianism, more public spending, devaluation, the whole works, just like us in the 1960s. Maybe they should throw in some price and wage controls, just for the heck of it.

Stephen Pollard flagged this one up but he didn't warn of the Keystone Keynesianism attached to Whitters here. Rather nostaligic in its 70s feel, really. Thatchere never happened.