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RE: Rent-Seeking and Wealth Destruction
Nice...upvoted! Here's another example of rent-seeking...a government pays insurgents to blow up a building and then tells the citizens, "We'll keep you safe, for a percentage of your wages. The citizen, of course, is aware of a large military force as well as local "law enforcement." Good economists always explain their terms like quantitative easing (which any intelligent economist would shun like the plague) which is just Keynesian bullcrap!