Re: What now for the UK? : Tue Dec 20, 2011 5:04 pm
Sal Paradise wrote:
No its not Keynesian economics - Keynes prescribed major infrastructure projects - roads/housing etc not frittering away borrowed money on inefficient quangos, public services and benefits.
Actually, his famous example was that burying bottles of money for people to dig up would be better than nothing but better still would be building houses.
I think this is one of those rare occasions that you and I agree.
The sort of stimulus that I was meaning is the sort that you are mentioning here.
Either way, I don't see Osborne either burying bottles or deficit-spending on infrastructure roads/housing etc.
I do see in the NHS bill a new Quango to take the responsibility away from the Minister for Health though.
The bonfire of the quangos does seem to have been curiously selective.
Are you of the Dally persuasion? i.e. believing that the NHS is inefficient? Despite international reports saying that compared with US private medicine, it provides far netter value for money?
As for benefits, you and I will never agree.
What with me being a Champagne Socialist and all.