government intervention


Which post-pandemic government?

Even with the Covid-19 pandemic still raging, speculation has turned to what society will look like afterward. Citizens, shocked by how easily their lives can be upended, will want to reduce risk. According to the emerging new consensus, they wi

Global Economy

The new-old threats to economic freedom

The point to remember is that government programs have costs as well as benefits. There is not just market failure but also government failure. And there are indeed private remedies to economic externalities.