James Forsyth James Forsyth

The let them eat cake award

Polly Toynbee’s column in The Guardian today contains these jaw-dropping couple of sentences:

“Even if unemployment reaches 3 million, that still leaves 90% in secure jobs. Most people will suffer not at all in this recession: on the contrary they will do well as prices fall and the real value of their earnings rises.”

Can any Coffee Houser remember any serious commentator dismissing the prospect of mass unemployment so casually before?

Hat Tip: Alex Massie

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