Tom Woods on the Delusion of Good Government

@ 11:00 – methods of military procurement.

@ 16:30 – list of Blue Ribbon commissions and other attempts at reforming military procurement.

@ 19:20 – The welfare industry supports over 700,000 social workers, 420 schools of social work, thousands of special interest groups, and 43,000,000 beneficiaries.

@ 20:45 – he turns his analysis to the Drug War.

@ 26:00 – Unical convinces California to pass regulations requiring use of its product.

@ 28:20 – 35:00 How the government killed traveling salesmen to protect wholesaler interests. Laws against retailers selling below the manufacturer’s recommended retail price & Life Magazine’s anti-discount house propaganda.

@ 28:20 – he dismisses myths about the Industrial Revolution.

@ 46:10 – From 1950-68 poverty in the U.S. drop 1% a year with very modest anti-poverty laws. Since the 1968 introduction of massive anti-poverty legislation, it stagnated. And remained stagnated despite a quadrupling of the welfare budget.

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