What is wrong with this article? “Savings” through ineptitude.


What is wrong with this article?


Basically, through ineptitude the government saves some money. What the article does not highlght, is how much it wasted.

imageHere is a little economic lesson of the old Keynesian economic school: During a “boom cycle”, the government may find the cost of projects very high. So, it should sit on the sidelines, thus “cooling” the cost of labor, and banking some surpluses. Then, when the economic cycle is turning down, the government should wade in with some of that surplus cash and smooth the cycle by doing some projects.

Such as the East-West freeway link in Melbourne…