Vance Ginn Economics
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  • Home
  • About
  • CV
  • Media
  • Podcast/Speeches
  • Blog/Research
  • Research
  • Teaching
    • ECON 2301-Princ of Macro
    • ECON 2302-Princ of Micro
    • ECON 3352-Energy Eco

CHAPTER 313 GAMES IN TEXAS

4/3/2017

 
​The piece below arguing for the benefits of Chapter 313 is just the latest of many examples of those lobbying for particular groups (rent seekers) than for taxpayers. Moreover, these instances are blinded either purposefully or stupidly from the unseen costs of Chapter 313-type forms of government-determined corporate welfare, wrongly called "economic development." 
 
Competition is what allows markets through voluntary exchanges determine efficient prices that support economic growth and innovation. Corporate welfare destroys competition and makes society poorer in the process. 
 
Crony corporatism has too often been loosely replaced as crony capitalism, but these two are mutually exclusive terms. 
 
Capitalism is not crony. The issue is when capitalism is distorted by socialist policies, such as economic development, minimum wages, welfare, etc. that redistributes income and wealth by a less knowledgeable government compared with the vast knowledge of the marketplace.
 
This piece and others indicate that those supporting crony corporation are feeling the pressure. Liberty-loving, free market-appreciating folks must continue the good work! 
 
http://www.mystatesman.com/news/state--regional-govt--politics/commentary-complacency-economic-kiss-death/imVvLrKgGlgXTdDdpMvuPN/

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    Vance Ginn, Ph.D.
    Chief Economist
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    ​#LetPeopleProsper

    Vance Ginn, Ph.D., is founder and president of Ginn Economic Consulting, LLC. He is chief economist at Pelican Institute for Public Policy and senior fellow at Young Americans for Liberty and other institutions. He previously served as the associate director for economic policy of the White House’s Office of Management and Budget, 2019-20.

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