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Why Government Fails and Why Ideas Matter

November 17, 2014 in Economics

Far too many people who call for government intervention assume that politicians and other government agents are superhuman — that when they are elected or appointed to political office, they are miraculously transformed into beings consistently more altruistic, knowledgeable, and wise than are business executives, consumers, and other people who operate only in the private sector. In the new Cato Policy Report, Cato adjunct Donald J. Boudreaux explains how knowledge of Public Choice destroys the romantic myth that government is some sort of miracle worker.

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