Tagged: KiwiBuild

Crowding out - The Dismal Science

Eric Crampton May 10, 2018

You should always worry at least a bit about whether a government programme crowds out some other private sector initiative. A state-provided daycare centre could crowd out existing private providers. A welfare programme could crowd out existing charitable programmes. And government house-building schemes could crowd out private development. The mechanism for crowding out is simple if you spend a few … Read More