SOUP KITCHENS

[Robert Hettinga]

At 5:10 PM -0400 8/2/96, Timothy C. May wrote:
> (Examples abound in other areas, too, such as where large chip companies
> like Intel actually relish the vast amounts of paperwork they are required
> to fill out, becuase this overhead and legal burden can be handled by their
> buildings full of paper pushers, but helps to keep small companies from
> entering the market.

Milton Freedman observed this in "Free to Choose". He said something to the
effect that regulation only *helps* the existing players in any given
market by increasing barriers to entry, especially for smaller firms.

Cheers,
Bob Hettinga

-----------------
Robert Hettinga (rah at shipwright.com)
e$, 44 Farquhar Street, Boston, MA 02131 USA
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