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Market failure? Let’s talk about government failure
Government interventions in the market are often said to be justified by market failures, which prevent the free market from maximizing social welfare. What is…
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Adam Smith on how to love and be lovely
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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Is Biden admin disappearing a red flag for costly regulations?
Is the Biden administration trying to do away with the category of “economically significant” regulations altogether? Before this administration, an “economically significant” regulation was one…
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Court punts to FTC, freezing Microsoft purchase of Activision Blizzard
The Federal Trade Commission (FTC) took action Monday to stop Microsoft from purchasing the game developer Activision Blizzard. The FTC filed for both a…
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Adam Smith’s ‘tolerable administration’ vs. America’s increasingly intolerable one
2023 is the 300th anniversary of Adam Smith’s birth. This post is part of a series highlighting aspects of Smith’s thought that continue to influence…
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New Biden White House Agenda shows 3,666 rules in regulatory pipeline
The Spring 2023 Unified Agenda of Federal Regulatory and Deregulatory Actions has been released. A fall version of this twice-yearly document will also contain a…