By Vincent Geloso on April 9, 2009
After reading the details of the stimulus bill in the United States, the federal deficit in Canada and the upcoming deficits in Quebec and other provinces, I began to wonder why I was the only one to see this as absolutely normal. After all I had grown like anybody familiar with economics and public choice theory to think that economic irrationality is highly reasonable in political markets. A nice way to summarize this is a saying from a former teacher of mine who used to say that governments always have crazy solutions ready that are only waiting for problems...