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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Yesterday The New York Times published the results of a poll on how to cut the national deficit. Interestingly, a majority of people think necessary action is needed, the deficit can be reduced without increasing taxes, and it is necessary to cut back on programs they benefit from. Cause for optimism? I think not….
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