EclectEcon

Economics and the mid-life crisis have much in common: Both dwell on foregone opportunities

C'est la vie; c'est la guerre; c'est la pomme de terre . . . . . . . . . . . . . email: jpalmer at uwo dot ca

. . . . . . . . . . .Richard Posner should be awarded the next Nobel Prize in Economics . . . . . . . . . . . .

Tuesday, February 15, 2005

What Do Gubmnts Do Best?

According to Rodney Hide, Member of Parliament in New Zealand, writing about the involvement of gubmnts in banking,
What possible comparative advantage does government have in business? Just one: Coercion. It can thump the money it needs out of taxpayers – no other business can do that.

Dontcha just love it when politicians say things like this!!!