Traditional public policy and welfare economics have held that “market failures”—the presumed inability of a free market to deliver certain goods and services deemed to be in the public interest—are common and require government intervention to protect the public good. But is this actually the case? The Independent Institute book, Beyond Politics, by Senior…
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In a new article in the Wall Street Journal, “Why the Spending Stimulus Failed: New economic research shows why lower tax rates do far more to spur growth,” Stanford University economist Michael Boskin examines how and why the U.S.’s $814 billion economic stimulus has failed. For many years now, Independent Institute Senior Fellow Robert…
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