January 28, 2014corruptioneconomic reasoningEconomymoralityPublic Policy

What causes corruption and erosion of moral values?

Ans: The abridgement of economic freedom

This is an archived blog post from The Acorn.

Click to enlarge

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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