Businesses and other groups sometimes attempt to secure special privileges by lobbying government officials and politicians. These groups might lobby for policies that benefit them directly like subsidies or restrict competition within their industry by the enactment of tariffs on imports, regulations, and licensing requirements.
Sheldon Richman - The Most Dangerous Derivative: Power and Privilege in the Corporate State
Mike Munger - Giving Away Money Costs More Than You Think by Learn Liberty
SEPTEMBER 12, 2008
The key to understanding the saga of Fannie Mae and Freddie Mac -- the newlynationalized twin government-sponsored enterprises (GSEs) that dominate homefinancing -- is this: They were created -- intentionally -- to distort thehousing and mortgage markets. That is, government planners were not content tolet voluntary exchange and spontaneous market forces configure those industriesunmolested. So -- holding the taxpayers hostage -- they intervened. Make nomistake: the collapse of Fannie and Freddie is government social engineering predictablygone bad. More . . .
A NEW article by Sheldon Richman
AUGUST 29, 2008 by SHELDON RICHMAN
The election season, which -- sigh -- is only just beginning, makes mewant to reread Frederic Bastiat's The Law. It is the best antidotefor the toxic demagoguery that issues forth from across the political spectrum.While the candidates are busy outcompeting one another in proposing new ways tospend our money (while promising to cut taxes), I take refuge in Bastiat's soundphilosophy. Where is he when we need him? More . . .
—A NEW article by Sheldon Richman
MARCH 22, 2007
"Three months after promising to curtail spending on pet legislative projects, House Democrats have salted the Iraq emergency spending bill with $3.7 billion for farm interests that make significant donations to Democrats." (USA Today, Thursday)
Legal bribery. Legal plunder.
FEE Timely Classic
"Free-Market Farming" by W. M. Curtiss
JANUARY 27, 2006
#8220;An explosion of special interest funding engineered in part by lawmakers with close ties to lobbyists is drawing increased scrutiny as Congress moves to address concern about corruption that already has led to the conviction of a Republican House member and former GOP lobbyist Jack Abramoff.#8221; (Washington Post, Friday)
The proper name is legal plunder.
FEE Timely Classic
#8220;Frederic Bastiat: The Primacy of Property#8221; by James A. Dorn
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If you live in Illinois, the school bus could be bringing union intimidation to a town near you. Charles Baird looks at freedom of association and unionization in the busing business.