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Sunday, September 27. 2015

There Is No Such Thing as "Market Failure"

Captain Capitalism


He's right. Free markets are like a force of nature with sunny days, rainy days, and hurricanes. Government and politics seem to demand a response to demonstrate that they care, but how often does the response make things worse?

Posted by The News Junkie in Politics at 11:31 | Comments (4) | Trackbacks (0)

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It's a bit like "weather failure," isn't it? But apparently we think we can/should control that, too.
#1 Texan99 on 2015-09-27 12:44 (Reply)
Did anyone see the atrocious interview with Bernake today on CBS? Ugh. It was hard to stomach. They painted him like a 'savior' of the financial crisis in 2007/2008/2009. We're still in the middle of his policy mistakes.
#2 MissT on 2015-09-27 16:13 (Reply)
America's economic collapse in 2007 and our continuing economic depression since then is entirely the result of government policies. It had nothing to do with markets.
#3 Jim on 2015-09-27 18:01 (Reply)
QUOTE:
There Is No Such Thing as "Market Failure"

Market failure has a specific meaning in economics, wherein the allocation of goods is not efficient, such as due to externalities.

Jim: America's economic collapse in 2007 and our continuing economic depression since then is entirely the result of government policies. It had nothing to do with markets.

The bubble in the shadow market for securities, which was largely outside government purview, was at the center of the problem.
#4 Zachriel on 2015-09-28 09:46 (Reply)

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