Monday, January 05, 2015

Bootleggers and Baptists

Regulations make strange bedfellows. Baptists may be pleased that liquor stores are closed on Sundays, but so are bootleggers because their competition is closed down. And this happens in all areas of the economy. Restrictions on some mean more profits for others. You really need to look for this in environmental regulations which sets up a new, lucrative cartel.

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