The one thing governments are clear winners in

Governments are world class spenders of other people’s money. Often on nutty schemes – such as Scotland’s plans for promoting the Gaelic language in areas with no Gaelic heritage.

160113-gaelic

Much of Scotland has no Gaelic heritage

Governments aren't often good at very much. But when it comes to losing all sense of proportion in spending other people's money they are generally utterly unbeatable. Clear winners. Look to Scotland's Gaelic policy and you will see what I mean.

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Merryn Somerset Webb
Former editor in chief, MoneyWeek