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President calls for an end to government-granted privilege

Posted By Matt Mitchell On January 22, 2013 @ 5:11 pm In Government-Granted Privilege | Comments Disabled

As expected, there were a number of beautiful words [1] in the President’s Second Inaugural. In my view, the most-beautiful were:

The patriots of 1776 did not fight to replace the tyranny of a king with the privileges [2] of a few, or the rule of a mob. They gave to us a republic, a government of, and by, and for the people.

(Okay, so the POTUS didn’t provide a hyperlink to my Mercatus paper on government-granted privilege, but maybe the Government Printing Office will one day add one).

cronyism [3]In any case, one can only hope that this is a signal that the president has decided that the time has come to abandon government-granted privileges. No more bailouts of particular firms like GM (or, more accurately, certain of GM’s creditors [4] but not others). No more expected bailouts [5] that allow firms like Fannie Mae to borrow at significantly lower interest rates than their competitors. No more subsidies to farmers [6]. No more regulations that require [7] consumers to buy certain products such as health insurance. No more tax breaks for manufacturers [8] just because they make things rather than provide services. No more loan guarantees for certain energy firms [9] because they make politically correct products. No more monopoly status for the USPS. No more price supports for sugar producers or tariffs that benefit domestic makers of solar panels [10].

Hopefully, this signals a new era of non-discriminatory democracy. I won’t hold my breath.


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URL to article: http://neighborhoodeffects.mercatus.org/2013/01/22/president-calls-for-an-end-to-government-granted-privilege/

URLs in this post:

[1] beautiful words: http://www.washingtonpost.com/politics/president-obamas-second-inaugural-address-transcript/2013/01/21/f148d234-63d6-11e2-85f5-a8a9228e55e7_print.html

[2] privileges: http://mercatus.org/sites/default/files/The_Pathology_of_Privilege-Final_2.pdf

[3] Image: http://mercatus.org/publication/beyond-bailouts-what-cronyism

[4] creditors: http://online.wsj.com/article/SB10001424052702303768104577462650268680454.html

[5] expected bailouts: http://www.amazon.com/Reckless-Endangerment-Outsized-Corruption-Financial/dp/1250008794

[6] farmers: http://farm.ewg.org/

[7] require: http://en.wikipedia.org/wiki/Individual_mandate

[8] manufacturers: http://www.forbes.com/2011/05/02/eliminate-oil-subsidies.html

[9] energy firms: http://www.eia.gov/analysis/requests/subsidy/pdf/subsidy.pdf

[10] solar panels: http://www.bloomberg.com/news/2012-10-10/u-s-sets-anti-dumping-duties-on-china-solar-imports.html

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