…the funny thing is that real individuals and businesses don’t behave the way the balanced-budget scolds claim. Businesses often borrow and spend when borrowing is cheap or they see high payoffs to investing; so do families.
Paul Krugman with the perfect rejoinder to all those tiresome wankers who lecture us about the private sector and go on about how we should run government like a business.
- Let’s stop fetishizing “The Market”
- Toronto budget 2013: economics cannot be separated from politics
- @Cityslikr, Riverdale Farm, and getting business out of government