Friday, 7 August 2009

Seek And Ye Shall Find

Words of wisdom, evinced by a post on Samizdata - a blog, which if you don't read, you should - and which contained the following:

"......In 2003, the Organisation for Economic Co-operation and Development published The Sources of Economic Growth in OECD Countries, reporting on a comprehensive regression analysis of the factors that might explain the different growth rates of the world's 21 leading economies between 1971 and 1998. This indicated that only privately funded R&D led to economic growth, and that publicly funded R&D did not. Worse, the public funding of R&D crowded out private funding, and thus slowed economic growth." (my emphasis)

Rather neatly encapsulates the one reason for getting rid of all the present quangos, 'fake charities ' and other NGOs who are all telling the government how good it is - not.

Yet another thought..........................

Afterthought: God, I'm thinking a lot today - may need to have a lie-down!

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