Quote of the day: Groovy government

Economics, Politics 1 Minute

Well, Cummings certainly appears to have rear-view vision – in his case, the view goes right the way back to the 1970s…

— William Keegan

Published by Paul

Reader of books, watcher of films, player of games. British father of three, now living in Belgium and making a living from building interfaces.

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4 thoughts on “Quote of the day: Groovy government”

    1. That wouldn’t surprise me, and I’ve also seen various commenters assert that Brexit will take Britain back to the 1550s in terms of lack of influence. This particular quote, though, is about Cummings fantasy of subsidising cool new industries.

      Picking winners was last tried in the 1970s. It didn’t work then, plenty of economists can explain why it won’t work now. The only reason that Cummings thinks he can make it work is that he’s so stupid that he doesn’t realise how stupid he is.

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