After the bust of 2008, well-connected corporations and banks lobbied for and received many billions in bailouts from the government. The public was outraged. The term “crony capitalism” came into new prominence as a designation for capitalists who live off the taxpayer. But how far do we want to take this language? In a mixed economy, no one is untainted by some association with government. And in a paper-money economy, every existing enterprise is compelled [...] Is it Cronyism to Ride the Boom? appeared in the Daily Reckoning . Subscribe to The Daily Reckoning by visiting signup for an Agora Financial newsletter .