28 karma · joined March 7, 2013
Oh, and the reason rents are high in San Francisco is because there's too much regulation, not because there's too much money there.
Statists don't like the Koch's because they hate anyone who believes that people should be free to make their own decisions without being ordered about by small-minded busybodies whose self-image depends on the delusion that they know what's best for everyone else. And rather than engage in debate, they find it much easier to just demonize their opponents with dishonest ad hominim attacks.
http://mises.org/money/2s9.asp
It's still orthodoxy among academic economists, but there isn't any historical evidence that it's actually true.
More recently, this article in Forbes explains the issue more succinctly:
http://www.forbes.com/sites/timothylee/2013/04/11/bitcoin-do...