Michael Benjamin (on the music midnight makes)
107.5K posts

Michael Benjamin (on the music midnight makes)
@Almostconvinced





The government doesn’t “absorb” the shock if it intervenes. It determines who pays for it—current or future taxpayers and which ones. The demand reduction that would flow under free market responses doesn’t occur, so the economic impact of the shock is greater than it would otherwise have been, and the misallocation of resources more consequential. One useful step a government can take is to hold strategic reserves, but as has been ably demonstrated by ours, that is not even a task we can entrust to them. Voting harder won’t solve your problems either. We need smaller public sectors and we need them now.








South Africa has a stockpile of weapons-grade enriched uranium hidden in a secret location with high-security fencing and multiple layers of defence. mybroadband.co.za/news/governmen…














