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EVEN MORE YOUNG TURK NEWS! SAVID JAVID IN HIS MAIDEN SPEECH CALLS FOR FISCAL RESTRAINT!

Savid Javid, the Young Turk who was a former investment banker, spoke in his maiden speech to the Commons for what he called “…sound public finances, low taxation and light regulation.”  That might have been an education enough for some MPs (let alone some constituents) but the newly-minted Javid continued after throwing a slight and humorous jibe at an opposition MP:

“To the dismay of the right hon. Member for Holborn and St Pancras (Frank Dobson), I have to tell him that for 19 years I have been an investment banker. *  *  *  Let us hope that all of us, on both sides of the House, can work together over the coming years to help restore the nation’s respect for our great Parliament.

There’s more good stuff for libertarians like me:

First, the euro is only just beginning to have problems. It was always a political contrivance that had virtually nothing to do with economics. Secondly, the world’s largest emerging market economies, which have buttressed global demand since the onset of the credit crisis, are about to go through a period of monetary tightening, and we can no longer rely on them for global growth.

“Thirdly, industrialised nations, including our own, that have issued vast amounts of sovereign debt over the past three years in particular can no longer go on that way. We have to make sure that when we look at these issues, we never forget the traditional disciplines that have stood Britain in good stead—sound public finances, low and simple taxation, and light and flexible regulation. It is when we forget these disciplines that we put our future prosperity at risk.”

That applause you here is a fan from the other side of the pond.  Keep it up, MP Javid.

About Elwood Sanders

Elwood "Sandy" Sanders is a Hanover attorney who is an Appellate Procedure Consultant for Lantagne Legal Printing and has written ten scholarly legal articles. Sandy was also Virginia's first Appellate Defender and also helped bring curling in VA! (None of these titles imply any endorsement of Sanders’ views)

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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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