Madness: Intentional Government Destruction of Ivory
April 10, 2014
For months now, governments around the world have been destroying perfectly good elephant ivory that they have seized. They crush the ivory. This wealth destruction is madness in a pure form. It shows the irrationalities that governments routinely produce whenever they attempt to control the market for any good.
Michael S. Rozeff [send him mail] is a retired Professor of Finance living in East Amherst, New York. He is the author of the free e-book Essays on American Empire: Liberty vs. Domination and the free e-book The U.S. Constitution and Money: Corruption and Decline.
Madness: Government Destruction of the Supply of Defense