Sunday, April 04, 2021

Damien Grant nails it

Great column from Damien Grant this morning. It nails the frustration that those of us older than most current  MPs feel.

"One of the economic lessons we are determined not to learn is that government cannot regulate prosperity. Each generation must learn, from scratch, this lesson. Helpfully, we already know the script.

A successful economy is, over time, corroded by a growing layer of restrictions. Each set of regulations imposes an unintended and unanticipated cost or outcome. This necessitates further rules and government oversight. Eventually the entire system becomes so overwhelmed that it either grinds to a halt or there is a sudden and dramatic economic liberalisation."


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