tag:blogger.com,1999:blog-4332582469324010500.post5431091661393794707..comments2024-01-16T12:22:10.415+00:00Comments on We are not the beautiful: Can a stimulus from below work? Do we need social, not quantitative, easing?We are not the beautifulhttp://www.blogger.com/profile/12469463466277712732noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4332582469324010500.post-1045407304417745412013-03-18T15:54:40.632+00:002013-03-18T15:54:40.632+00:00I've found (about a year admittedly) this inte...I've found (about a year admittedly) this interesting idea for a democratic stimulus - http://www.aljazeera.com/indepth/opinion/2011/11/20111124112137935666.html<br /><br />Not a subsidy for banks or roads you don't need, but £1m for each UK constituency, and assemblies get to decide how it is spent<br /><br />"Since the money is ours, it is up to us to determine what we spend it on. Ministers, civil servants and their external advisers are, I am sure, terrifically clever. But as Friedrich Hayek never tired of pointing out, they cannot possible manage something as intricate and complex as a national economy, especially when the common good can only be secured at the expense of entrenched and privileged groups - including ministers, civil servants and their external advisers"We are not the beautifulhttp://www.idealoblog.comnoreply@blogger.com