4 Comments
User's avatar
steve fisk's avatar

In this case Milchmädchenrechnung is best translated as false economy, but not always.

Expand full comment
Kris's avatar

My iPhone comes up with “naive miscalculation”, which doesn’t sound too bad ;)

Expand full comment
FrankFrank's avatar

I was working in the Malaysian government for many years, and if you want further evidence on what good government planning and involvement in industry can accomplish, look at the success it had in that country. In a few years it changed its agriculture from subsistence rubber trees to the most extensive palm plantations and palm oil No.1 oil in world trade.

Expand full comment
Scott Lichtenstein's avatar

Let's hope the EU listens to the evidence and doesn't get to horny over military spending and waste it on that.

I guess the UK will continue to just bumble along...and waste billions on getting people from Birmingham to London in the same time it takes them now, and in litigation trying to get new runways approved!

Expand full comment