In the presidential debate last week, Republican Donald Trump attacked China’s trade policies and Democrat Hillary Clinton charged that Trump used “Chinese steel” in his own projects. As it happens, the most eager American user of Chinese steel is the government of California, on the new span of the San Francisco-Oakland Bay Bridge. Back…
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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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