Know how he feels
11 Mar 2007 - Bruno Prior
I've added a link to the Not Proud of Britain (But Would Like To Be) blog, simply for this comment on the Bloggers4Labour blog. It is one of the most intelligent observations that I have seen on the false economics of the Government's road-pricing scheme. Does the Government really think that people sit in rush-hour traffic for the hell of it, and that all they need is a financial incentive to get them to drop off the kids or go to work at a different time? It's not difficult to spot the flaw in the plan, is it? Headmaster/mistress and boss may have something to say about it. Snafu sums it up superbly in the language of economists. What a pity a blogger has a better grasp of economics than the large number of academic pseudo-economists who have come out in support of road-pricing simply because it looks superficially like a market.
For good measure, I've added a link to Bloggers4Labour too, though it may not surprise you to hear that I am rather less enthused by their observations. But you know where they are if you want to see someone trying to defend the indefensible.