This could also be filed under quote-of-the-day:
Businesses do not desire free markets. Businesses desire profits. Sometimes free markets yield profits. Sometimes big government yields profits. Take private equity shops. Some of them may resist regulations or taxes on themselves, but taxes and regulations can–and do–drive privately-held companies to sell out.
That was from Tim Carney, author of the new book “The Big Ripoff: How Big Business and Big Government Steal Your Money.”
It was used to explain the lobbying and philanthropic behaviors of ne’erdowellers such as George Soros, whom seemingly benefit from free-markets, yet have an affinity for supporting social democrats and their redistribution schemes.
Tariffs, subsidies, industry specific taxes and tax breaks, are all examples of cui bono in action.
Via DealBreaker.
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Link to the book at amazon.com seems to be broken, but this should work.
The book looks great. Scanning the index at amazon.com, I see that inflation is not mentioned, and the Federal Reserve only has one reference on page 78. That’s a whole other book! And that book has already been written.
I just got a hold of a copy of this book and I do recommend it very highly. I really wish the citizenry and our representatives would take these lessons to heart and bring an end to this nonsense immediatley. But, don’t hold your breath as just a quick glance at the major donors of their campaigns illustrates a certain synchronicity.
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