It’s no secret that there’s a lot of rent seeking in Washington: companies lobby Congress to get favors for themselves, at the expense of the rest of society (especially consumers, competing businesses, and taxpayers).
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Rent Seeking: Blame Everybody and Nobody
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It’s no secret that there’s a lot of rent seeking in Washington: companies lobby Congress to get favors for themselves, at the expense of the rest of society (especially consumers, competing businesses, and taxpayers).