Archive for April 22nd, 2013
AT Paradoxes of the Day
I had weird thoughts today:
When the agency dismantles a monopoly in a market, it expands the consumer wealth open to appropriation by monopolists on other markets.
When the agency dismantles a monopoly in a market, it expands the amount of resources on which government can raise taxes.
Or the proof that all too often, we forget the basic principle that the economy works as a general equilibrium.
Chillin'Competition 