O'Neill on grants

[Max Sawicky]

Reminds me of  the gambit begun under Thatcher
and exported to the U.S. of proposing to give away
the public housing stock to its residents.  Replace
housing with vouchers, then let the value of the
vouchers erode over time.  Housing units are
more tangible, as is their erosion.

mbs

 
> Of course not. It's a stalking horse for eliminating foreign aid 
> completely, once the WB spends down its capital...
> 
> 
> Brad DeLong
>