Posts Tagged ‘expenses’

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Why MPs’ expenses are good for the economy

June 21, 2009

I think the current ongoing fuss about MPs’ expenses is good for the economic recovery of the UK.

What fuels the economy?

Well economic health is all about confidence. Traders, especially on the stock market, behave generally as a herd – if the herd takes fright they all run. So stories about economic failure, increasing unemployment, shops closing, firms going bankrupt and the size of the national debt all fuel the fear, both among traders and the general public. This fear breeds more fear, so people stop spending, firms stop investing, banks stop lending and it all heads for the cliff.

So how does MPs fiddling their expenses help?

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