Cronyism

Lydia

the Indispensable Framework

There are two critical steps in the establishment and functioning of any cartel-like government regulation. . . . Step one is passing the bill and establishing the structure. The second step is selecting the proper personnel to run the structure. . . . conventional historians, not geared to power elite or ruling elite analysis, usually fall down on this crucial second task, of seeing precisely who the new rulers of the system would be.

MURRAY N. ROTHBARD, 1994

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The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

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