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How Government Handouts Erode the Economy

Getting the government to create regs in favor of one’s business, to the detriment of one’s competition, or both, is hugely destructive to the economy. Such cronyism may (and perhaps in the long run may not) benefit one firm, but overall society loses. Products tend to be more expensive and they tend not to be as good as they would be in a free market, or free price system. Once the regulators have been captured (and they nearly always are) we lose.

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