November 21, 2009

Frustrating Michael Moore

By Sheldon Richman • Comment

Cornered like this, Moore might say he’s only the against excessive profits that capitalist market power permits. But now we’re back where we started. To the extent that intervention hampers competition by erecting barriers to entry — which is the usual effect, intended or not — protected firms are free to charge higher prices and reap more profits than would have been the case in an open market.

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In brief

Transportation Bill Overflows with Earmarks

Six weeks after a fatal Minneapolis bridge collapse prompted criticism of federal spending priorities, the Senate approved a transportation and housing bill Wednesday containing at least $2 billion for pet projects that include a North Dakota peace garden, a Montana baseball stadium and a Las Vegas history museum. That's not the half of it. (USA Today, Thursday)

Pork: It's what's for breakfast, lunch, and dinner.

FEE Timely Classic
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      \"I know this is heresy to the Objectivist purist\". The folks on either side of the Peikoff/Kelley split who ...More
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      What a fun article! I think it does a great job demonstrating the incentives our elected officials face (public ...More
    • Paul Cwik commented on A Government Program for All (09/21/09)
      I have thought that it would have been fun to add to this article a part where you are asked ...More
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