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Why? As an economist, he perfectly understands what is a public good, why there is a market failure to underproduce a public good under free market, and role of
by sanxiyn 3y ago
Why? As an economist, he perfectly understands what is a public good, why there is a market failure to underproduce a public good under free market, and role of nonprofit in public good production.
- ZiiS 3y agoHis deregulation of the banks suggests he heavily flavors free markets even when history has proved him very very wrong.
- pevey 3y agoLarry Summers has a track record of not believing in market failures, just market opportunities for private interests. Economists vary vastly in their belief systems, and economics is more politics than science, no matter how much math they try to use to distract from this.