Monday, February 28, 2011

The Myth of the Useless Bureaucrat
Krugman points to a compelling Washington Monthly piece making the case that huge cuts to the government payroll doesn't help us reduce the deficit; it increases it. The Nobel Prize-winning economist adds:
...any private corporation would have no trouble understanding the argument that you need more auditing, more supervision, to keep costs under control. But when it comes to government, the myth of the useless bureaucrat persists.

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