Are there Really Market Failures?

Published: Dec. 2, 2015, 5:53 p.m.

It's funny, I spent the entire morning pouring over articles and documents related to Benghazi and the Iraq/Syria crisis as we try to formulate some idea of what's going on over there. I had several articles together to at least lay the groundwork for a larger show I want to do, and I planned on introducing them on today's show.But then I started chatting with one of the members of our private FB group (http://www.jasonstapleton.com), and I got sidetracked.The issue at had been a comment I made on yesterday's show regarding market failures. You can go back and listen to yesterday's show for the full conversation but basically I said a free market does fail. There are times when it is not efficient, but that most of the time any breakdown or perceived market failure can be traced back to government.This sparked a good discussion about what a market failure is. So I picked out a couple of what I think are simple market failures, and I share them with you on the show today.I know there are a lot of people who will take issue with my analysis here. I certainly go's against a lot of what you hear inside our libertarian circles. But I think if you give it an honest review you'll find there's some merit to my position.JasonSupport the show.