George Osborne, the King of Crony Keynesianism

George Osborne and friends partying, yesterday

Paul Krugman, of all people, spots that George Osborne is going to use Crony Keynesianism to bung his corrupt friends fantastic amounts of taxpayer cash, washed through government-guaranteed loans to private business.

Here’s the key quote from the Krugman piece:

“But let’s also note that funneling funds through the private sector offers an opportunity to lavish favors on friends.”

Nice.

Respect to Robert Wenzel for pointing out these interesting thoughts of Chairman Krugman

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About Andy Duncan

An Austrian Internet Vigilante trying to live Outside the Asylum
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One Response to George Osborne, the King of Crony Keynesianism

  1. David Goldstone says:

    Yet another demonstration of the importance, as Rothbard always said, of asking “Cui Bono?”

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