Ottawa ponies up to the dragons’ den


Ottawa Citizen: In 1926, John Maynard Keynes, soon to be the founder of Keynesian economics and as such hardly a shill for unfettered free enterprise, wrote that: “The important thing for government is not to do things which individuals are doing already, and to do them a little better or a little worse; but to do those things which at present are not done at all.” It should address itself ”to those decisions which are made by no one if the State does not make them.” He wrote this in an essay entitled “The End of Laissez-Faire,” which, whatever we may think of the Roaring Twenties, he believed had occurred a half century earlier. Read more