From: Robert Hettinga <rah@shipwright.com>
Date: Sun, 4 Aug 1996 08:47:25 +0800
To: cypherpunks@toad.com
Subject: Re: SOUP KITCHENS
In-Reply-To: <ae27b98904021004e701@[205.199.118.202]>
Message-ID: <v0300780cae297f34aa6d@[206.119.69.46]>
MIME-Version: 1.0
Content-Type: text/plain


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@shipwright.com)
e$, 44 Farquhar Street, Boston, MA 02131 USA
"'Bart Bucks' are not legal tender."
                -- Punishment, 100 times on a chalkboard,
                       for Bart Simpson
The e$ Home Page: http://www.vmeng.com/rah/