Today though he did something I agreed with and for pretty much the reasons I would do it too.
Telegraph.
Or to put it simply, you don't give a lunatic the keys to the asylum.David Cameron blocks Gordon Brown as head of IMFIn a direct attack on the former Prime Minister, Mr Cameron said his predecessor was not the "most appropriate person" to lead the IMF because he would not admit the UK had a "debt problem".Mr Brown is reportedly hoping to take on the £270,000-a-year role but he must first be nominated by the Government.“If you have someone who didn’t think we had a debt problem (running the IMF) they may not be the best person to decide whether other countries have that problem," he said on BBC Radio 4's Today programme.He added that the role needed to be filled by “someone who understands the dangers of excessive spending.”
Brown's naivety and ignorance of economics stems from his socialist roots where the belief that you can spend other peoples money indefinitely seems to have deep roots. This coupled to a lax regulation of financial services lead to the banks loaning and taking up toxic debt from all over the world as they looked for high interest returns on investments without adequate checks to see if the loans could actually be paid back. Nor can quantitative easing (printing money) ever be a real solution to a debt crisis, look at Zimbabwe if you want a prime example of the end result of that type of solution.
So in this case yes Cameron has got it right, I'll allow him his day in the sunshine and probably return to normal service tomorrow.
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