This is a CU Colorado Springs student blog for the following courses: Economic Freedom, and Power & Prosperity.
Wednesday, August 30, 2006
Tuesday, August 29, 2006
Stationary Bandits
DON BOUDREAUX borrows a term from Mancur Olson that you will read about later in the semester:
I wish that each government would on its own refuse to inflict trade restrictions on its subjects. But that's not what governments do. At root, governments are stationary bandits, skilled chiefly at creating and extracting rents from innocent people.
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