Reductio Ad Absurdum?
Posted in Market Failures, You Can't Have it Both Ways on Aug 28th, 2007
Because the economics textbooks point out instances when market outcomes seem to produce outcomes that are less than optimal, people with a preference for government intervention use these as justifications for any and all government actions in the economy. I would almost acquiesce to these sorts of desires if those proponents consistently applied this logic. […]
