Unwarranted Intrusions

Beschreibung

What happens when politicians substitute their wisdom for the market's? The result is usually a government subsidy that provides advantage to a special interest group only-but costs everyone and drains the economy. In Unwarranted Intrusions, well-known financial commentator Martin Fridson turns his sharp eye for uncovering opaque financial reporting practices to the U.S. government and examines the economic reality of some of the most popular yet financially draining subsidies. Fridson debunks programs that claim to provide jobs, encourage savings, provide affordable housing, and preserve family farms-among many others. Unwarranted Intrusions is a provocative and exhaustively researched challenge to prevailing political claims of programs that purport to protect the public good.

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Martin S. Fridson

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"UNWARRANTED INTRUSIONSMERITS INCLUSION IN THE SHORT LIST OF THEBEST BUSINESS BOOKS OF THE YEAR. MAKE THAT THE DECADE."-fromthe The Boston Globe, Politicians often play Robin Hood in reverse--By Cecil Johnson (07/14/2006) Fridson . . . decries political meddling in everything fromcatfish imports to ballparks in his deliciously provocative book. .. Whether discussing Social Security or subsidized sports arenas,he argues his case with the cool logic. . . The book zips along,leveraging anecdotes and statistics to expose how politicians --Republican and Democratic alike -- prefer quick economic fixes todeep structural changes that might really bolster long-term growth.From start to finish, he slaughters holy cows with a sharp blade.--Bloomberg
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