Mises Wire
Author:
Per Bylund
Online Publish Date:
contemporary political and social structures, and privileges created today through policies creating winners (cronyism, favoritism, rent-seeking, etc.) From the point of view of economic growth as an economic phenomenon, policy-originated inequality has effects on both the creation and distribution of prosperity: Policy creates winners by (a) protecting some from the competition of new entrants and future winners and (b) restricting (monopolizing) the