Here's the best news, according to Conard: rent-seeking behavior doesn't exist! Economists have got it all wrong. Attempts by the rich to use politicians to augment their wealth don't happen. It's not real! We can all rest easy. When it comes to investing their $ billions in lobbying and campaign donations, (as opposed to private ventures), they expect nothing in return for their investment but smiles and handshakes.
By Adam Davidson
May 1, 2012 | New York Times