Quotulatiousness

September 3, 2018

QotD: “Market failure”

Filed under: Economics, Government, Humour, Quotations — Tags: — Nicholas @ 01:00

It is not too much of an exaggeration to say that markets are considered to fail if and whenever they fail at achieving some ideal, while governments are considered to succeed if and whenever they succeed at achieving anything other than utter chaos and calamity.

Don Boudreaux, “Quotation of the Day…”, Café Hayek, 2016-11-04.

Related posts:

  1. QotD: A touching naivety
  2. QotD: The real danger of expanding the power of the state
  3. QotD: Hostility to international trade
  4. QotD: Free trade versus freer trade
  5. QotD: Thinking at the margin

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