"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Public Works Don't
Submitted by Mike Powers on Sun, 2009-01-04 17:00
in
"How is the capital to be raised? The market has an elegant solution ready: Capital is invested on the basis of how sound the business plan appears to those who own the money and will carry the risk, and how well it seems likely to yield profits in comparison to other possible ways to invest the same, fixed chunk of money...." Column by Jim Davies.
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