16/12/2008

CASE STUDY: Thinking out of a box.

«The irony of this debate is that for the best part of 30 years, business really did prove itself to be more competent than government, and for 20 years before that, the great Keynesian contraption of the interventionist, high-tax ‘mixed economy’ proved incapable of delivering what voters wanted or what was needed to keep Britain competitive. But these are extraordinary times. For better or worse, until normality returns, John Maynard Keynes lives again.»

[Keynes lives again – but cutting taxes still beats digging holes in the ground, The Spectator]

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