Wednesday, November 02, 2011

"Occupy Wall Street" & Green Crony Capitalism

I previously discussed how "Occupy Wall Street", if they're serious about fighting inequality, should target the Fed and its inflationary policies.

Here Todd Myers points to how certain environmenalist policies similarly exacerbate inequality. He focuses on the effects of the "cap and trade" scheme, which would be a massive government give-away to Wall Street, but one could also mention how government subsidies further enrich already rich people like Al Gore.

As with monetary policy, "Occupy Wall Street" faces a choice between their love for big government and environmentalism and their professed opposition to inequality.


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