Enacting useless regulations in order to force the transfer of wealth from rich to poor
Bookworm on Jan 13 2012 | Filed under: Economics
There’s a famous story about Milton Friedman’s response when confronted with make-work projects: While traveling by car during one of his many overseas travels, Professor Milton Friedman spotted scores of road builders moving earth with shovels instead of modern machinery. When he asked why powerful equipment wasn’t used instead of so many laborers, his host [...]










