The Ethos of Economics with John Cogan and Kevin Warsh | Peter Robinson | Hoover Institution
Uncommon Knowledge
00:00
Do You Know What's Going on in Washington, DC?
"The answer is rent seeking behavior on the part of companies to try to influence the government, to favor them," he says. "When you say misallocation of resources, you mean resources shifting over to gaming ... and away from the actual production of goods and services" He adds: "You're impairing the ability of an economy to move forward through the generation of new ideas"
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