by George Leef
That is the substance of Pepperdine University economics professor Gary Galles’ Freeman piece today. No, not just the usual kind of lying politicians do to win, but the lying that occurs when government officials set price ceilings, price floors, subsidies some things or activities while taxing others. Moreover, people who lie in market competition are usually punished for it by other market participants. Politicians who lie often go right on doing so because it helps them get votes.