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The best thing our pollies have done in decades is also the worst (www.rossgittins.com)

submitted 1 month ago by [email protected] to c/[email protected]

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Governments can’t wave around the cash and create out of thin air a “market” that has any of the self-controlling properties described in economics textbooks.

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[–] [email protected] 10 points 1 month ago (1 children)

Gittins kind of leaves us hanging for a conclusion here. Governments can't be afraid of actually providing a service, the idea that leaving things to the market is automatically efficient is a myth.

[–] [email protected] 3 points 1 month ago

I'd say straight out lie, not a myth.