It would not lobby for what one of Tyler Cowen’s readers calls

political solutions which represent common sense agreement on a variety of issues

My guess is that it would lobby for more NSF grants in economics and more college subsidies for students to take economics courses. Or for barriers to competition that might reduce the incomes of American economic professors.

To see what PACs are all about, follow my rants about housing policy (note that Tyler links to data saying that the realtors are the largest PAC, and they donate almost equally to both parties). Or John Cochrane’s rant on energy policy absurdities. Or follow the Washington Post editorial page as it discusses Montgomery County unions.

If libertarians are guilty of averting their eyes to economic inequality, then progressives are guilty of averting their eyes to the reality of public choice.