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Subject:  Re: “This Time it is Different” Date:  10/5/2012  11:59 AM
Author:  warrl Number:  405353 of 565290

And all this assumes that the intention of interventionists is noble. I think that it is pretty clear that there is a bit of "regulatory capture" going on. As I have said before, when you have Big Government deciding the allocation of resources instead of the free market, you can be sure that special interests will influence politicians to get their hands on those resources.

To put this a couple other ways:

a) when government is worth buying, government will be bought

b) if you propose to take $1 from each of 100 million people and give a million dollars to one person, that one person cares a lot more than any of the 100 million people. (Yes, I've left $99 million unaccounted-for.)
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