The Telegraph

By Thomas Pascoe - Economics
Last updated: July 11th, 2012

Governments can't will gold into existence

The new media and the 24-hour news cycle have a great deal to answer for, not least encouraging a political class which would otherwise be happily engaged expensing duck houses into the belief that it should demonstrate perpetual action on our behalf – hence the endless stream of badly drafted legislation from the corridors of Whitehall.