Praise for UNWARRANTED INTRUSIONS "Marty Fridson has tackled the most important question in political economy: What are the consequences of government intervention in markets? Whether the subject is mortgage subsidies or record company payola or savings incentives, Fridson combines relentless logic and a light, engaging touch to demonstrate that intervention doesn't just make markets less efficient, it also advantages the big guy at the expense of the little guy. No one can afford to miss this analysis."
--Noam Scheiber, Senior Editor, "The New Republic"
"Martin Fridson knows how to tell a good story. In Unwarranted Intrusions he recounts a series of spellbinding morality tales about what really happens when government intervenes in the marketplace. If the book were mainly about 'the cost of good intentions'--government over-reaching itself to rein in greedy capitalists--its message would be far less disturbing. It's really about the cost of bad intentions--about the unholy alliance between certain capitalists and government in general, irrespective of political party, to rein us all in."
--Gene Epstein, Economics Editor, "Barron's"
"Much of our daily life involves choices among goods where the benefits don't match the costs--the arts, spectator sports, imports, education, health, research, and development. Until now, developing an appreciation of proper decision making in these areas was the province of economists who used technical and specialized techniques involving models for solving the free rider, externality, tragedies of the commons, and excusable consumption. Now, for the first time, Fridson provides a sharp, direct, focused, practical, and commonsenseapproach to navigating in these areas. Every investor, parent, teacher, economist, politician, and especially layman should have this incisive and important book."
--Victor Niederhoffer, rated #1 commodity trading adviser 2003-2005 by MAR for funds over $50 million, and author of "The Education of a Speculator" and "Practical Speculation"
"A free economy is the greatest engine of prosperity in history. Unfortunately, special interest groups from across the political spectrum constantly burden the market with what Martin Fridson properly calls unwarranted intrusions. In this book, he offers solid advice on taxes and trade. But the book is particularly delightful for Fridson's insightful analysis of topics that are rarely examined sensibly, such as short selling, radio payola, and ATM fees."
--David Boaz, Executive Vice President, Cato Institute
What happens when politicians substitute their wisdom for the market's? The result is usually a government subsidy that provides advantage to a special interest group only-but costs everyone and drains the economy. In "Unwarranted Intrusions," well-known financial commentator Martin Fridson turns his sharp eye for uncovering opaque financial reporting practices to the U.S. government and examines the economic reality of some of the most popular yet financially draining subsidies. Fridson debunks programs that claim to provide jobs, encourage savings, provide affordable housing, and preserve family farms-among many others. "Unwarranted Intrusions" is a provocative and exhaustively researched challenge to prevailing political claims of programs that purport to protect the public good.
