Thursday, May 11, 2006

The "business" of government

William Watson on the absurdity of legislatively-protected monopolies providing staple commodities and inevitably answering more to political considerations than to real-world supply and demand:

Something I've never, ever understood is why our big hydroelectric companies run ad campaigns trying to get us to use less energy. … How many other companies run ad campaigns discouraging the sale of their principal product? It's as if McDonald's tried to talk people out of buying hamburgers: "Billions and billions served and that's just about enough."
Read the rest here.