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