"There are men, in all ages, who mean to exercise power usefully; but who mean to exercise it. They mean to govern well; but they mean to govern. They promise to be kind masters; but they mean to be masters." Daniel Webster

Saturday, June 13, 2009

The Aristocracy of Pull, Part III

The New York Times reports that deciding who gets loans and who doesn't is increasingly becoming a political decision, not an economic or financial one.

Economists Alex Tabarrok and David Henderson have more.

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