Destroying Wealth: One Special Interest Group at a Time

This is an awesome lesson bout the political economy of lobbying.         

  

 

If you want even more excruciating detail about the vortex that is Washington, DC, check out Jonathan Rauch's book Government's End. When you think about the fact that lobbyists are non-productively bidding for one competitor to put another competitor out of business (by distorting the market through legislation), your understanding of the true magnitude of the waste just piles up like one steaming turd atop another. You'll never think about the right to redress grievances the same way again. (See also classics of Public Choice Theory.)

Comments

[Bob Smith]

URL is missing.

[Max]

Thanks. Should be there now.