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Diary of a Notting Hill Nobody

Tamzin Lightwater

Wednesday, 5th September 2007

V. exciting. Was in charge of note-taking and smoothies at our Emergency Treachery-Management Meeting.

Monday

V. exciting. Was in charge of note-taking and smoothies at our Emergency Treachery-Management Meeting. We couldn’t decide what to do about Mr Mercer. Jed argued for something v unpleasant-sounding, which would involve us digging for a lot of complicated information, and would take ages. Was a bit worried as have dressage trials with Sesame tonight. Thankfully Mrs Spelperson persuaded everyone we had to lovebomb ‘dear old Paddy’, or he would go ‘all the way over’. It is very confusing: Mr Mercer was supposed to be much too right-wing for us when we sacked him for telling the truth about the army, and now he is making friends with Mr Brown who is very left-wing. I think. Jed said it was typical that Mr Mercer and Mr Bercow couldn’t even defect properly. ‘Are they men or mice?’ He seemed a bit fraught, not at all centred. So not much time to decide whether we were lurching left or right today. Nigel said he was confident we could make it up as we went along: ‘Sort of slalom!’

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‘A money-financed tax cut is essentially equivalent to Milton Friedman’s famous “helicopter drop” of money.’ So said Ben Bernanke, now the chairman of the Fed, in a speech about how to ward off the ‘extremely small’ chance of deflation, which he delivered in 2002.