IPI Policy Basics: The Failure of the Market Failure Excuse (Audio: Podcast)
What is "market failure?" Do markets fail, or is that just an excuse used by government bureaucrats to regulate industries, start antitrust investigations, and create new programs and entitlements? Are there ways to address gaps in markets without blowing the whole thing up? Resident Scholar Dr. Merrill Matthews guides us through the issue of supposed market failures, and IPI President Tom Giovanetti shares his thoughts.