Wednesday, 21 September 2011

Government failure

Economists write a lot about market failure, perhaps rather less about government failure.  The latter is important, especially with calls for more public spending, for those who want more government spending have, I think, to say what that spending will be on.  So I found these links particularly depressing.

1. Failed fire engine project wasted £466m.

2. From marginalrevolution.com, an example of how Italian public money is spent.

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