January 28, 2014 ☼ corruption ☼ economic reasoning ☼ Economy ☼ morality ☼ Public Policy
This is an archived blog post from The Acorn.
An illustration showing how government interference in economic activity increases corruption, crime and leads to the moral degradation of society. Although the chart only refers to bans, it also applies to lesser interventions like price caps, price floors, excessive tariffs, quotas, reservations and so on. The difference is one of degree.
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