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Monday, September 10, 2012

Why Cronyism Is Always Bad

WSJ: If America re-establishes the proper role of business in society, all kinds of benefits will accrue. Our economy will rebound. Our liberties will be restored. And when President Obama tells an entrepreneur "You didn't build that," everyone will know better.

Via Powerline, where they comment: In some ways, Solyndra represents a best-case scenario. It is even worse when government subsidies allow a favored business to survive, and it is the other guy, the one without political influence, who goes out of business. Government largesse inherently distorts the market and hurts consumers as well as non-favored businesses and their employees and investors. And, of course, taxpayers.

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