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The Guardian: "Yeo's runway taunt is big-willy politics, and that is the most dangerous politics of all"

Link to The Guardian

"Not a day passes without a call for something big, brash and financially sexy: a road, an airport, a railway, a power station. Economists get on TV if they call for more infrastructure, even when such projects take years to get off the ground, and benefit only professionals and consultants in the short term.

"... It is thought vulgar to print money for people to spend through their wallets and credit cards. On the other hand, a stimulus that aids 'investment' is automatically good. 

"As we saw last month, Olympic stadiums are good, school playing fields are bad. Third runways are good, local transport bad. Developers want hypermarkets and eco-cities in the countryside, not healthier high streets and urban renewal."

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