Catch Them Doing Something Right
By Arnold Kling
It’s not the Sunday Outlook, but the Washington Post has a long op-ed that explains some important concepts in public choice. Charles Lane writes,
Not surprisingly, much political activity consists of trying to create, or keep, opportunities to collect economic rent. That’s what lobbyists for various licenses, tariffs, tax breaks and subsidies — from the sugar industry to Solyndra — have in common.
Read the whole thing.