That’s the conclusion from Professor Diana Thomas of Utah State University. Check out a 2½ minute video:



Some of her other research findings:

  • If a business is looking for profit opportunities, sometimes seeking government favors are the investments with highest returns.
  • Banks that spent money lobbying in the five years before the financial crisis were 40% more likely to get bailed out.

(hat tip Crony Chronicles)


Leave a Reply

Avatar placeholder

Your email address will not be published. Required fields are marked *