So, this is the game on Capitol Hill:
- Push laws that increase government control of a sector of the economy, thus making that sector more dependent on lobbyists and consultants with connections to government and understanding of policy.
- Go to work as a lobbyist or consultant for the businesses you’ve been hitting with new regulations or new subsidies.
- Buy a nicer house.
In health-care we’re seeing it already, as I explain in my column today, and as we’ve begun charting at The Great Health-Care Cashout page. With hedge funds, Chuck Schumer’s staff is leading the regulatory gold rush. Wall Street regulation currently on Capitol Hill will make more jobs for Democratic staffers, too, as Clifford Asness and Aaron Brown wrote recently in the Wall Street Journal.
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