As a public finance economist, I normally focus on big-picture arguments against excessive government.
If the public sector is too large, for instance, that undermines economic growth by diverting resources from the productive sector of the economy.
But I’ve also discovered that it helps to personalize the analysis by pointing out examples of ridiculous and wasteful behavior by government.
That’s one of the reasons I share horror stories as part of the U.S. vs U.K. government stupidity contest.
Some actions by government, however, belong in a different category. I’m not sure what word I would choose to describe them – perhaps venal, evil, despicable, reprehensible, or disgusting would be good options.
Am I being overly dramatic? Perhaps, but is there any other reaction when the government persecutes a family with possible jail time for rescuing Bambi?
Here are some absurd and disturbing details from the Indianapolis Star.
Hussman's Open Letter to the Fed; The Problem with Bubbles; Textbook Pre-Crash Bubble; Reflections on Not Chasing Bubbles; Integrity vs. Respect | Mike Shedlock