http://foolocracy.com/2009/01/government-spending-almost-50-of-british-economy/ Government by fools, silliness and unintelligent people Fri, 19 Mar 2010 06:33:21 -0700 http://wordpress.org/?v=2.8.4 hourly 1 http://foolocracy.com/2009/01/government-spending-almost-50-of-british-economy/comment-page-1/#comment-2075 cc Sun, 25 Jan 2009 21:27:14 +0000 http://foolocracy.com/?p=3208#comment-2075 Whenever government spends money, it has to take away those funds from productive efforts or borrow it. In the former case, the government acts to discourage production; in the latter, the government drives up inflation. In any case, a larger share of government spending is a malinvestment. Politicians and bureaucrats are always more interested in accumulating power, almost always at the expense of efficiency. Whenever government spends money, it has to take away those funds from productive efforts or borrow it. In the former case, the government acts to discourage production; in the latter, the government drives up inflation.
In any case, a larger share of government spending is a malinvestment. Politicians and bureaucrats are always more interested in accumulating power, almost always at the expense of efficiency.

]]> http://foolocracy.com/2009/01/government-spending-almost-50-of-british-economy/comment-page-1/#comment-2070 Blah Sun, 25 Jan 2009 16:54:11 +0000 http://foolocracy.com/?p=3208#comment-2070 So what? So what?

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