2 comments on “Timmy elsewhere

  1. Don’t think quantitative easing in Euroland was quite what you were intending to draw our attention to, there.

  2. Whenever you give any class a subsidy, it is very hard to take it away from them again. The subsidised state becomes the default (or datum) and thus removing the subsidy becomes psychologically a cut, and discrimination against its recipients. The only way out of this is to never subsidise anything.

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