Bottom-Up Cronyism – No Better Than Top-Down Cronyism
Posted onGovernment cutting special deals for special friends – is always obnoxious, obnoxiously bad policy. It takes a lot of money from innocent, unwitting citizens – and hands it to politically-connected cronies. It warps functioning marketplaces – when governments place their massive thumbs upon the scales to tilt the system. We’ve just narrowly escaped the Barack […]