Summary
Taxpayers, entrepreneurs, and everyday citizens suffer when the government bestows privileges like monopoly status, subsidies, bailouts, loan guarantees, and targeted tax breaks on particular firms or industries. Mercatus research examines how government-granted privileges misdirect resources, impede genuine economic progress, breed corruption, and undermine the legitimacy of both the government and the private sector.
Matthew D. Mitchell
Senior Research Fellow
Michael D. Farren
Research Fellow
Veronique de Rugy
George Gibbs Chair in Political Economy
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Moral Hazard: Airline Edition