We see it everywhere:
- shady zoning regulations in a small town;
- taxpayer money diverted into political campaigns;
- deals that enrich the few at the expense of the many;
- billion-dollar bailouts;
- trillions of newly printed dollars flowing from government to Wall Street at giveaway interest rates;
- brand-name economists hired to defend the indefensible with a smokescreen of economic theory. When private interests...