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MAULED AGAIN

May 27, 2008

Prof. Maule has posted a new installment in our friendly debate over the government's role in the economy. He says:

Thus, though I object to government intervention to help professional sports owners build stadiums (see Tax Revenues and D.C. Baseball), and to rescue a film industry segment, I think it is necessary for a government to step into a market and preserve its freedom when the market fails to deliver food, fuel, and other essential goods. Given the choice between a market hijacked by speculators, cheaters, shoddy artisans, defective manufacturers, cronyism-afflicted traders, and others whose greed surpasses their respect for the market's consumers, and a market patrolled by representatives of the citizenry, I'll opt for the latter.

Unlike me, Dr. Maule believes that the "representatives of the citizenry" won't just make things worse. But they pretty much always do.

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