10 Aug Entrepreneurs vs. Regulators

Everybody knows that the government spends a whole lot more money doing the same job than the private sector would—and usually doesn’t do as good a job.  This pattern isn’t just a coincidence. There are straightforward reasons for the tendency of government interventions in the market to mess things up. In this lesson, Dr. Laffer briefly lays out the theory of government failure, and then follow up with several different examples of government inaction. Further, he discusses why private sector operations are cost-cutting and innovative, compared to the overbudget and stagnate ventures of the public sector.

Link to article: Entrepreneurs vs. Regulators