A Banner Day for Cronyism, A Bitter Day for Freedom and Prosperity

by Don Boudreaux on March 1, 2018

in Crony Capitalism, Trade

Rather than me rant, I direct you to scholars more knowledgeable and eloquent than I am.

My intrepid Mercatus Center colleague Veronique de Rugy.  A slice:

The beauty of the modern age is that you can just turn on your TV and witness live how cronyism works.

Just a few hours ago, President Trump hosted a “listening session” with steel and aluminum executives, whom he had summoned to the White House. Right there, on live TV, we witnessed these CEOs pleading for government support that will inevitably result in higher prices for consumers of steel and aluminum. And, as we all sat there, stunned, we watched the president grant their demand and make policy on live TV.

Veronique again.

Veronique and my Mercatus Center colleague Christine McDaniel (who will appear on Fox News this evening at around 6:10 EST).

Cato’s Dan Ikenson.

Chad Bown at the Washington Post.

Dan Griswold.

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