Friday, July 30, 2010

HR 5034 Is A Clear Example Of Economic Protectionism Designed To Shore Up Monopoly Profits.

This has to be a first, me recommending an Issue Analysis from the Freedom Works Foundation (Dick Armey's outfit), but this paper about HR 5034 is right on.

The title's a dud but the paper is good.

"No Wine Shall Be Served Before Its Time—At Least Not Without Wholesalers Taking a Cut."

He flubbed the old Paul Masson slogan. It was, "we shall sell no wine before its time," but his fact-checking otherwise is solid .

It is a libertarian argument and one that I endorse. The way alcohol is regulated in this country is a good example of government using its power to protect the private profits of favored clients. If passed, HR 5034 will only make it worse.

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