Sunday, March 8, 2009

Rent-seeking - Captain Renault Division

This post relates to the following Keystone Economic Principles:

4. Economic systems influence choices.
5. Incentives produce predictable responses.

One of the questions about the stimulus plan is how effective it will be. Now we have an interesting story in today's edition of The Washington Post. Once again, I have to agree with Captain Renault, "I'm shocked."

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