A free press shines a light on those seeking rents thru government favoritism
Wednesday, December 25, 2013
Biofuels require cronyism because they are the brainchild of enumerates
Jet Fuel by the Acre is an example of an enumerate's venture that can only be sustained by cronies working an unfair and un-economic advantage from government. Only an enumerate could believe a perpetual motion machine such as what biofuels represent because not all the costs are calculated in. How successful would this venture be if environmentalists came to the conclusion that it would further vex Brazil's rain forest?
Tuesday, December 24, 2013
Crony gives Capitalism a Bad Name
This blog is inaugurated after reading Doris Kearns Goodwin's The Bully Pulpit, Teddy Roosevelt, William Taft and the Golden Age of Journalism. The point of her book is that a free press is necessary to break apart capitalism ossifying into crony capitalism. Washington circled by lobbyist seeking rents for their constituents has the malady. China and Putin's Russia are particularly vexed by it. All need maximum press exposure to moderate its excesses.
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