Monday, December 19, 2005

Cato the Shiller

Apparently, for an editorialist at the libertarian Cato Institute, the invisible hand of the market has not been so invisible. "Doug Bandow, who writes a syndicated column for Copley News Service, told BusinessWeek Online that he had accepted money from lobbyist Jack Abramoff for writing between 12 and 24 articles over a period of years, beginning in the mid '90s."

"It was a lapse of judgment on my part, and I take full responsibility for it," Bandow said from a California hospital, where he's recovering from recent knee surgery.

Actually, it was 12 to 24 lapses of judgement on his part. Oh, well. It's not as if I lost my deep and abiding respect for the Cato Institute here.

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