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« Annotated "Fear the Boom and Bust" | Main | Reading Hayek: Coping with Our Ignorance and Defending Liberty »


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That long quote clearly photocopied from some ancient scroll was the best part.


Pretty good. Except for one thing.

It's not only businesses that lobby.

It's also special interest groups allegedly representing consumers and/or laborers that demand market intervention to get things for their members at the expense of others. Like forcing healthcare insurance to cover this or that.
The politicians also have a strong political incentive to foster the myth that they can force producers to give stuff at no extra cost to consumers. You know the story.

Just blaming business on the lobbying is oversimplifying the causes for interventionism in a very counterproductive manner. You know perfectly well that people like Elizabeth Warren are destroying the price system as part of their agenda.

But the rest is pretty effective.


By the way, I know it's not your video. Sorry, if the previous comment sounds as if I'm criticizing you.

Excellent video, thanks for the link Steve.

I agree somewhat that the Austrian are to blame for their own perception.

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