I am normally one of those who accepts that even senior politicians are entitled to their holidays and that the world will not fall apart while they are away. On this occasion, though, I think there may be exceptional circumstances that demand that they return to their posts. My reasoning is simply that part of the current 'crisis' arises from the jitteriness of the markets (incidentally, how appalling it is that the Western economic world can be so badly affected by the frenetic behaviour of the men in red braces, hyped up on adrenalin or ketamine or whatever, men who seem to treat trading floors like club dance floors and are motivated solely by greed and fear). We need some calm so that rational decisions can be made. This will be considerably helped if the key players are seen to be doing something (even if they are not). Markets tumble on uncertainty and that must be knocked quickly on the head. So, sorry but I think at least the Prime Minister has to come back and be seen to be meeting the other key characters, even if it is only to swap holiday snaps.
Incidentally, there seems now to be a growing feeling among economic and business experts that the inevitable way out of the current crisis will be considerable increases in money supply - dolars, euros and sterling - which will create inflation. Inflation of course automatically reduces the real value of debt. I wonder whether this is a price worth paying, at least in the medium term, until order can be restored and the men in red braces are put back in their boxes ?
http://www.hoddereducation.co.uk/Colleges/Government---Politics.aspx?mRef=CNM01.
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