Tuesday, February 22, 2011

"What Madison Revealed: Teachers as Rent Seekers"

"In Wisconsin and other states facing severe budget crises, we are witnessing the clash of special interests versus the public interest. Though the term "special interests" is usually deployed as an epithet by Democrats and is meant to refer to oil companies, "the rich," or other undesirables, in fact, as economist James M. Buchanan and other "public choice" theorists explain, a special interest is any community that attempts to gain a particular advantage from government."

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