Generally, the writers from the Ludwig von Mises Institute make good economic sense. They do until they start talking about Wal-Mart, at least. At this point, they seem to don blinders which shield them from seeing the eminent domain abuse and corporate welfare that provides Wally World with unfair economic advantages.
The latest article from the Ludwig von Mises Institute begins this way:
The attack on Wal-Mart essentially comes down this: opposition to economic progress, defined as greater availability of goods and services people want at ever lower prices that indicate an ever wiser use of resources in the service of society.
The writer could not be more wrong. This is an attack on Wal-Mart, as is this, , this and this. In each of these cases, Wal-Mart is being challenged for sucking the public teat or acquiring property through the use of eminent domain.
If the bright and generally accurate people writing at mises.org ignored Wal-Mart’s use of tax dollars or land seizing habits once, I’d simply let the matter drop. However, they keep singing free market praises for Wal-Mart again and again — while challenging those of us who oppose local government providing Wal-Mart with tens of millions of dollars of tax abatements and outright financial gifts. I never thought I’d see the day when a libertarian institution criticized me for being in opposition to the use of eminent domain which serves some corporate interest.
Hey Lew, would you mind enlightening your colleagues about the elephant sitting in the living room?