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That'd be a pretty rare position even amongst the most conservative economists, since markets are generally acknowledged to have 1. failure modes, like monopoly
by theonemind 5y ago
That'd be a pretty rare position even amongst the most conservative economists, since markets are generally acknowledged to have 1. failure modes, like monopoly, and 2. externalities, which the economic actor should get forced to internalize.
- minikites 5y agoIt's how the US government operates, so it can't be that rare. Looking at the past 40 years, the answer to those "failure modes" is nearly always "less regulation". Economic actors are almost never forced to be responsible for their externalities. It's un-American to regulate any market: "Government is not the solution to any problem. Government is the problem."