Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
โข
When government decides who pays and who is exempt, businesses rationally redirect resources from investment to lobbying and favor seeking.
โข
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it โ and who pays for it.
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government.
Should taxpayers be required to subsidize unions’ lobbying for more taxpayer subsidies? Three states say “no, spend our money on students.”
Long before Amazon and Walmart, politicians targeted A&P for lowering prices with scale and efficiency. The resulting law protected competitors at the expense of grocery buyers.
โข
From Intel to Dell, federal policy has helped create a tightly interdependent system where government power and private firms reinforce one another through subsidies, contracts, and political access.
โข
Government-created healthcare monopolies are forcing physicians into a kind of serfdom, gobbling up private practices to extract doctorsโ labor.
โข
Delaying pension contributions may ease immediate pressure on New York Cityโs budget, but the shell game reveals deeper weaknesses in the cityโs finances.
โข
When one provider goes offline, others should step in. Mississippiโs experience shows how certificate-of-need laws prevent that โ and why reform matters for public health.
Rio 2016, like many ambitious projects, combined political cronyism and weak market discipline. Ordinary Brazilians are still paying the bill.
โข
When government decides who pays and who is exempt, businesses rationally redirect resources from investment to lobbying and favor seeking.
โข
The rhetoric of a “generational compact” sounds compelling until you ask who actually agreed to it โ and who pays for it.
John Taylor argued that government-created privilege would enrich favored interests while weakening republican self-government.
Should taxpayers be required to subsidize unions’ lobbying for more taxpayer subsidies? Three states say “no, spend our money on students.”
Long before Amazon and Walmart, politicians targeted A&P for lowering prices with scale and efficiency. The resulting law protected competitors at the expense of grocery buyers.
โข
From Intel to Dell, federal policy has helped create a tightly interdependent system where government power and private firms reinforce one another through subsidies, contracts, and political access.
โข
Government-created healthcare monopolies are forcing physicians into a kind of serfdom, gobbling up private practices to extract doctorsโ labor.
โข
Delaying pension contributions may ease immediate pressure on New York Cityโs budget, but the shell game reveals deeper weaknesses in the cityโs finances.
โข
When one provider goes offline, others should step in. Mississippiโs experience shows how certificate-of-need laws prevent that โ and why reform matters for public health.
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