Are Government Regulators More Virtuous than Everyone Else?

Mises Daily

Are Government Regulators More Virtuous than Everyone Else?

 
 
Are Government Regulators More Virtuous than Everyone Else?
 
 

Economists Robert Shiller and George Akerlof would have us believe that the market sells us things we don’t really want. That’s not true, but even if it were, the proposed solution — government — is even less likely to give us what we want.

 
 
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Are Government Regulators More Virtuous than Everyone Else?

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Are Government Regulators More Virtuous than Everyone Else?

The Market Doesn’t Solve Problems; People Do

Mises Daily

The Market Doesn’t Solve Problems; People Do

 
 
Markets Don’t Solve Problems; People Do
 
 

Many advocates for free markets often mistakenly speak of “the market” as if markets by themselves somehow solve problems or provide incentives. Only people can do these things, and markets are just a means to an end.

 
 
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Markets Don’t Solve Problems; People Do

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The Market Doesn’t Solve Problems; People Do