Leroy Cool Meets Chancellor George Osborne

Excuse me, aren’t you George Osborne.

 

Yes, I am.

 

I thought I recognised you; I don’t usually fly first class. Aren’t you the Chancellor of the Exchequer?

 

Yes, I am. Aren’t you American?

 

Does it show?

 

I recognise the accent.

 

Are you going to St Moritz?

 

Er, yes.

 

I’d like to have been an economist, but my Dad said I didn’t have the brains for it.

 

Oh, I’m sure he was wrong.

 

I dunno, there are a lot of things I can’t understand. I mean, I remember reading the Guardian newspaper in June last year when you were in China, and you said the key to recovery was for Britain to increase its exports, especially to China.

 

Yes, I remember that.

 

But surely the more you export, the harder you have to work?

 

Er, it’s really not that simple.

 

No, I suppose not. Same as with government borrowing, I mean, I always thought it made more sense for a government to create its own credit than to borrow money. Why don’t you do that?

 

No government can just print money, Leroy.

 

Really, why not?

 

Because that would cause inflation.

 

But if you borrow money you have to repay it, right?

 

Of course.

 

With interest?

 

Yes, with interest.

 

And you borrow this money from the banks, right?

 

Yes.

 

Who create it ex nihilo?

 

Er, yes.

 

So instead of borrowing at interest money from the banks which they create ex nihilo, wouldn’t it make more sense for the government simply to create its own credit and forego paying the interest?

 

Thinks – Oh God, if there’s one thing I can’t stand it’s an uppity n...

 

???

 

Thinks – never stop asking daft questions kid.

 

Well, wouldn’t it?

 

No, I can’t do that.

 

Is that what you’re going to tell your masters at Bilderberg 2011 when you meet them in St Moritz?

 

My what?

 

I mean, my what?

 

The Bilderberg Group, you are in their pockets, aren’t you, George?

 

Good grief, no!

 

Oh, it must be the Maastricht Treaty that stops you creating your own credit, and commits you to the enslavement of your people.

 

Good grief, is this really first class? I only have an economy class ticket. Government cutbacks, you know. Bye Leroy.

 

Bye George. Guess my Dad was right; I’m too dumb to understand economics.

 

 

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