FYI: Authors Brink Lindsey and Steven Teles have written an important book, “The Captured Economy,” and it’s one all Americans should read.
Through case studies, they explain how powerful special interests capture what economists call “rent,” or excess profits, through policymaking. They also describe how the proliferation of regressive regulation works to redistribute wealth (generally upward) and stifle entrepreneurship and innovation.
Regards,
Ted
http://www.etf.com/sections/index-investor-corner/swedroe-economy-held-hostage
