Richard Murphy says:
February 18 2016 at 4:58 am
I suppose we need some reason too, not driven by crazy notions like ‘crowding out’
Provide your evidence please
Crowding out is a crazy notion now is it? That’s, umm, interesting for a professor of economics, even one of political economics. it might be interesting to discuss whether it’s happening in a specific case or not but the idea that government doing something might reduce the amount of that thing that other people might do looks pretty reasonable to most. We would, for example, rather expect there to be more private schools if we went and closed down the state education system. that those private schools don’t currently exist is of course that very crowding out from the state provision.
Note that this is nothing at all to do with whether the crowding out is a good idea or not, only the existence of it.