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The Robert Mugabe school of economics provides a salutary warning about uncontrolled monetary expansion in generating hyper-inflation. The road to Harare is not as long as we might hope.

Vince Cable

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Vince Cable
Age: 81
Born: 1943
Born: May 9
British Politician
Economist
Politician
Jórvík
John Vincent Cable
Vincent Cable
Road
Hyper
Hope
Monetary
School
Robert
Might
Inflation
Long
Expansion
Mugabe
Provides
Salutary
Warning
Uncontrolled
Economics
Generating

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Investment banking has, in recent years, resembled a casino, and the massive scale of gambling losses has dragged down traditional activities as banks try to rebuild their balance sheets.
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My time at Shell was a most valuable experience because it taught me to look at the world in a long-term way. Shell takes a 20-year view on events and plans for different scenarios. It makes you see the world as a kind of large matrix.
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Taxes shouldn't be higher they should be fairer. We must be a party that's disciplined. We must make tough choices.
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Where there is flagrant abuse of corporate entities we must and will seek to tackle it.
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These 'masters of the universe' must be tamed in the interests of the ordinary families whose jobs and livelihoods are being put at risk. The Tories won't say anything about the current crisis as they are completely in the pockets of the hedge funds.
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We need a new British business bank with a clean balance sheet and an ability to expand lending rapidly to the manufacturers, exporters and high-growth companies that power our economy. Today I can announce we will have one.
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On banks, I make no apology for attacking spivs and gamblers who did more harm to the British economy than Bob Crow could achieve in his wildest Trotskyite fantasies, while paying themselves outrageous bonuses underwritten by the taxpayer. There is much public anger about banks and it is well deserved.
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In my job I meet many outstanding, world class, British based companies. But we need more companies and more jobs in the companies we have.
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Fundamental renegotiation is very, very unlikely to produce any significant change
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The House has noticed the Prime Minister's remarkable transformation in the past few weeks, from Stalin to Mr. Bean.
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The degree of leverage now being reversed is on a staggering scale, and the underlying global imbalances – notably between the savers and the spenders – will require long and painful adjustment.
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The government increasingly resembles somebody who is trying to give the kiss of life to a corpse.
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You can't win with some people. If you're not in government, you're criticised for being not serious. If you are in government, you're criticised for wanting power. That's the Labour party's line of attack, and it's a bit ridiculous.
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Quite apart from the problem of the vote, it's bad for the image of Parliament that people take the trouble to come up and are not allowed to see their MP.
Vince Cable
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I am a bit of a lefty on some issues.
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Many of our problems are home-grown. Gordon Brown regularly advised the rest of the world to follow his British model of growth. But the model was flawed. It led to the highest level of household debt in relation to income in the world.
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My late wife Olympia was Goan and I've been to India many times. I love the food there. We used to do our shopping in Southall, where you can find cheap but wonderful fruit like mangoes, vegetables and spices. I didn't do much of the cooking, as Olympia did a lot - I was the under-chef and did some of the chopping.
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I have managed to infuriate the bank bosses acquire a fatwa from the revolutionary guards of the trades union movement frighten the 'Daily Telegraph' with a progressive graduate payment and upset very rich people who are trying to dodge British taxes. I must be doing something right.
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According to the papers, I'm miserable, alienated, and on the brink of resignation. But that's simply not where I am.
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Small- and medium-sized businesses need access to a diverse range of finance options, including non-bank lending. These new forms of finance are still small in scale today but they should, over time, bring additional choice and greater competition to the lending market.
Vince Cable