Thursday, June 30, 2011

Power Imbalance: Liberal vs. Libertarian Economic Perspectives

Hmmmm.  The first bit of it takes a potshot at Paul Krugman --a  shot that, though well-deserved, isn't even sporting anymore since taking down the conceited idiocies of Krugman is like shooting fish in a barrel.  Anyhoo, a blurb:
In fact, when government is given power, nominally to correct such imbalances, they tend to use it to protect those in power as often as they do to protect the disenfranchised. Government restrictive licensing of hair dressers, interior designers, and morticians; bailouts of GM, Chrysler, and AIG; corporate welfare to GE and ADM; and use of eminent domain to hand private property to favored real estate  developers — all are examples of finding government cures for perceived private power imbalances that are worse than the disease.
Hmmm.

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