Wednesday, February 21, 2007

Private vs. Government Support of Iran

Yesterday's WSJ has an interesting editorial suggesting that no private companies would deal with Iran, not because they have a strong political view against the Iranian regime, but simply because it isn't in their selfish interest to do so (given Iran's complete denial of property rights). Unfortunately, that's where European governments step in and guarantee trade with the world's number one state sponsor of terrorism. Seeing this kind of lunacy makes me wonder how anyone in their right mind can argue that big government knows better than its own citizens what's good for them.

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