12 Nov Perfect as the Enemy of the Good
Articles / / November 12, 2021
Markets certainly aren’t immune to failure–however, many economic models exploring “market failure” and classic textbook examples criticizing free-markets utilize unrealistic models that underrate the innovations of real-world capitalism, and which simultaneously overrate the ability of political saviors. In this lesson, Dr. Laffer dissects the flaws of popular criticisms of laissez-faire capitalism.
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