Michael Sessit with an Idea that Might actually work to stimulate
This cranky editorial extolling the virtues of vouchers as stimulous though is spot on. Rather than trying to preserve the status quo and drop up campaign contributors , err I mean important institutions , it might be better to simply give people vouchers. I’d rather give cash so people can save it when needed but at least Mr. Sessit’s idea is workable and pork free unlike most of what’s coming out of Washington.
The best way to understand the forces in play right now is to compare say Encyclopedia Brittanica to Wikipedia.
Yesterday’s Brittanica world was all about the big institution . It was a stodgy bureaucracy where a few men go to decide what was important, put it into a book and called it knowledge.
In todays Wikipedia world , anyone, man, woman or child who is interested gets to decide. We the people edit the encyclopedia, correct it in within limits of our expertise and call it knowledge. Turns out we are essentially as accurate as the institutions are and as a bonus provide an larger more easily corrected stream of knowledge to draw from.
You tell me which idea is more like a free market economy and which is more like socialist central planning?