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Tuesday, June 30, 2015

'The Problem with Completely Free Markets'

I have a new column:

The Problem with Completely Free Markets: The Supreme Court’s decision last week saved Obamacare from the Republican’s latest attempt to get government out of health care. But if Republicans can find another way to attack the Affordable Care Act, they surely will. 
Healthcare is not, of course, the only place where Republicans object to government intervention in private markets. They believe that markets free of government rules and regulations almost always outperform markets where the government is involved. So it’s a good time to review why this faith in free markets is sometimes misplaced, and how government involvement in some markets can improve their performance. ...

    Posted by on Tuesday, June 30, 2015 at 09:22 AM in Economics, Market Failure | Permalink  Comments (73)


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