I will leave you with one note of optimism, from Mark Perry. I went to college in the nadir (1980) of the American beer industry, where a small oligopoly of mediocre beer producers was protected by government legislation. It was a classic example of how regulation drives monopoly, consolidation, and loss of choice. With deregulation, the American beer industry has exploded.
Tuesday, March 31, 2015
We live in the best of all possible worlds
Stay thirsty, my friends: