Unwarranted Intrusions: The Case Against Government Intervention in the Marketplace

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John Wiley & Sons, Sep 1, 2006 - Business & Economics - 304 pages
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What happens when politicians substitute their wisdom for the market’s? The result is usually a government subsidy that provides advantage to a special interest group only–but costs everyone and drains the economy. In Unwarranted Intrusions, well-known financial commentator Martin Fridson turns his sharp eye for uncovering opaque financial reporting practices to the U.S. government and examines the economic reality of some of the most popular yet financially draining subsidies. Fridson debunks programs that claim to provide jobs, encourage savings, provide affordable housing, and preserve family farms–among many others. Unwarranted Intrusions is a provocative and exhaustively researched challenge to prevailing political claims of programs that purport to protect the public good.
 

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Contents

The Case against Government Intervention in the Marketplace Chapter 1 The Politics of Market Intervention
1
The Case against Government Intervention in the Marketplace Part I A NATION OF SUBSIDIES
9
The Case against Government Intervention in the Marketplace Part II RESTRAINT OF TRADE
117
The Case against Government Intervention in the Marketplace Part III TELLING IT LIKE IT ISNT
187
The Case against Government Intervention in the Marketplace Epilogue Can This Mess Be Fixed?
265
The Case against Government Intervention in the Marketplace Notes
269
The Case against Government Intervention in the Marketplace Index
295
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About the author (2006)

Martin Fridson has achieved distinction both as a writer and as an investment professional. He has written on economics for Barron's and is a consultant to the Federal Reserve Board of Governors. Fridson received his BA cum laude in history from Harvard College and his MBA from Harvard Business School. He previously served as governor of the CFA Institute and director of the New York Society of Security Analysts. In 2002, the Financial Management Association International named Fridson the Financial Executive of the Year. The following year, he launched Leverage World, the first independent research publication focused on high-yield bond strategy. Fridson is coauthor of Financial Statement Analysis and author of How to Be a Billionaire, both published by Wiley.

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