The only thing wrong with Ed Balls's suggestion that the anticipated £3bn to be raised in the auctioning of some mobile phone licences should be spent on building 100 0000 houses is that he has made it in public. Such a project would relieve the housing shortage, give a Keynesian stimulus, with multiplier effect, to the economy, and have no impact on the current deficit. Three birds with one stone.
But because this excellent suggestion has been made by Labour George Osborne won't implement.
In our courts the adversarial system has frequently failed to produce justice. In government it is an obstacle to common sense.
Tuesday, 2 October 2012
Balls on the ball.
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