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The Root of the Lobbying Problem

I just finished reading Capitol Punishment by Jack Ambramoff, the notorious lobbyist who served years in federal prison for numerous crimes related to his lobbying activities.  I remain cautious of such memoirs of the guilty because they are so often toned to at least...

Ants at a Picnic

Cato’s David Boaz writes Occupy Pennsylvania Avenue in The Cato Policy Report for Jan/ Feb 2012 Excerpt: The libertarian argument for keeping more of society in the private sector is not that there’s no self-interest or corruption in business; it is that...

Self Defeating Progressivism

There are two particular targets of American progressive political ideology: special interests and the curse of bigness, primarily in business. But the preferred solution of the progressives, central planning and regulation, only serve to make these matters worse. The...

More Government = More Lobbyists

Are lobbyists that bad? If the government was about to make sheet-rock illegal because of bad or misguided information and you were in the sheet-rock or home-building business, wouldn’t you seek to persuade the lawmakers than their efforts were wrong?...

The Seeds of our Next Crisis

One of the most intriguing concepts of economics is the concept of “moral hazard.”  It is a corollary to a more obvious principle that everything has a cost. An understanding of it is critical for those whose world view is a never-ending series of crisis...