Why governments' attempts to pick winners produce more losers than winners.





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Classic Bloomberg headline

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 Bloomberg headline 

This is presumably one in a series. Look also for:

Have Bloomberg (and the financial sector generally) maybe slightly misunderstood the concept of freedom? I'm not sure that it is best used in the sense of "making free with other people's money".


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Liberty
Submitted by Mark Van Schuyver (not verified) on Sunday, January 10, 2010 - 19:00

Great BLOG. Thanks. Please come and visit us at www.Liberty101.us


Mises
Submitted by bruno on Tuesday, January 19, 2010 - 12:37

Mark, Sorry, I didn't spot this in the approval queue for a few days. But the advantage is that, having got to your site late, your latest post includes a picture of my hero, Ludwig von Mises. Obviously a great site.

Have a look at the Cobden Centre too. They are trying to revive Austrian (i.e. real) economics in the UK, where it is far closer to extinction than in your country. There is a slight whiff of Fisherism at the moment, but Austrians do need to try to be more inclusive (like the excellent Roger Koppl) than they have often been, if they want people to pay more attention to their philosophy.


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"Bureaucracy is not an obstacle to democracy but an inevitable complement to it."

— Joseph A. Schumpeter



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