Who Benefits from Regulations

A Mechanic writes at Mises.org: (see full article at:

“Who benefits from regulations? The list includes the politicians who use these issues to their advantage regardless of the truth. It includes the government bureaucrats who want more power to justify their own salaries and positions. It also includes reporters who can't wait for the next "breaking news" about an "environmental threat," or "dire emergency." And it includes university professors and other academic elites who come in to petition for huge government grants and to get paid to speak as "experts." The dark irony is that all these supposed protectors are really engaging in a self-serving round robin of deceit.
The truth is they are horrifically destructive to the prosperity and well-being of all Americans. But because their public faces hide the despicable truth, they have been able to get away with it.
Our only hope is to get these people out of business — literally and figuratively. I've got to be honest, though. It won't be easy. They are fighting for their livelihoods, too.”
This is not necessarily news to anyone who has thought about the reasons for regulations. As I have posted before, professors seek grants from government on any topic the bureaucrats deciding to allocate money to find of value. For instance, look how much federal government money has been allocated to the supporters of “global warming” or “climate change” and how little to critics – none, as far as I know. As A Mechanic says, it is also true that once one receives several grants one becomes an “expert” and is able to testify about the topic, thereby adding additional support to the growth of government. I always maintained that government and the federal reserve act as the largest employment agency for economists. The growth of government creates an increased demand for economists, who then discover “market failures” to which additional government must be applied – a vicious circle. The Federal Reserve hires many economists, most of whom have the objective of demonstrating how important the Federal Reserve is.
The question I keep asking and pessimistically answer is “Will this cycle ever stop?”