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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Neocon who wrote (46004)5/5/1999 5:24:00 PM
From: Neocon  Read Replies (2) of 67261
 
14.) 1.)The greater the degree of political interference in the economy, the less economic
efficiency and the more diluted is consumer sovereignty;
2.) The politicization of an economic sector will increase the power of the most interested
parties in the long run, who will use it to cartelize the sector, to the advantage of
established firms and the detriment of competition and innovation;
3.) Therefore, government should regulate minimally, merely establishing "rules of the
road" and helping with infra- structure, and should limit the use of taxes, tariffs, trade
missions, and the like to favor certain outcomes, since they distort the price structure,
which is the best means of determining the efficient allocation of resources.
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