Thursday, December 09, 2004

A decent Conservative policy proposal

Oliver Letwin's proposal to divorce politics from public finance is economically sensible but politically unrealistic, unfortunately. Unless he was in an unbeatable position, I would be very surprised if a democratically elected politician voluntarily reduced his ability to buy electoral success through targeted economic handouts. Such a policy would leave the door open for opposing politicians to offer such handouts as a means to electoral success.

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