Source: Cato Institute
by Scott Lincicome
“Among the more frustrating parts of my job are the seemingly endless proposals for government intervention in the economy on the thinnest of ‘market failure’ grounds. Whether it’s trade or manufacturing or housing or child care or the environment, our virtual pages are full of claims that a perceived problem — Rents are too high! We don’t make enough EVs! — is clearly the fault of unfettered market forces and, by extension, thus in need of new (usually ‘smart’ or ‘targeted’) government intervention that will improve the situation.” (08/28/24)
https://www.cato.org/commentary/when-regulatory-cure-worse-market-disease