Interventionism

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

Rent seeking is a search for privilege and personal gain through the political process. Rent seeking is distinguished from corruption in that rent seeking is legal and corruption is not.

Since abilities and interests are naturally diverse, a drive toward making people equal in all or most respects is necessarily a leveling downward. The key issue in the entire discussion is simply this: shall the parent or the State be the overseer of the child?

From the book What Has Government Done to Our Money? Narrated by Jeff Riggenbach.

We can have no confidence that the Stiglitz model captures the essential aspects of real world economizing that it purports to. We therefore can have no confidence in any belief that rests upon this or similar theories that government has a proper role to play in increasing economic efficiency or social welfare by use of taxes, subsidies, and transfer payments.

Once and for all, I'm going to target the main motivation for minimum wage advocates in academia: politics.

The poor are able to acquire household items that in some cases no one, rich or poor, could have had even a generation ago, and on terms that no one else is willing to extend to them.

The problem for the survival of a market economy arises when the voters permit or encourage the expansion of government power to such an extent that private businesses can gain short-term profits through the intervention into the competitive market by state officials.

What the American worker needs is more of what Wal-Mart offers and less of what the government offers. If we could then fix the Fed so that it would no longer water down the value of our money, we'd never have to worry about declining real wages again.

When government on all its levels enters health care, the industry has to adjust to every dollar spent and every order given.