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Says Strawman:
Corporate welfare creates more widgets - more than the optimal number, but still hopefully useful for something ... Corporate and middle class welfare at least helps those it claims to (albeit unfairly and inefficiently).
I think you are being too kind to corporate welfare. Sure, it increases the production of the government-favoured widgets, with the marginal increase being the quantity that no-one wants at the cost of production. Useful? Not by value. And the resources thereby devoted to the production of economically useless widgets are resources denied to the production of things of real value.
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- Widgets -- Strawman 2003-07-16
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