Friedman on market *and* government failures — which is worse?
“All economists—monetarists, Keynesians, or what-not—recognize that there is such a thing as market failure. I believe that what distinguishes economists is not whether they recognize market failure, but how much importance they attach to government failure, especially when government seeks to remedy what are said to be market failures. That difference in turn is related […]
Friedman on market *and* government failures — which is worse? Read More »