Montag, 18. Juni 2007

Staatsaufgaben

#3 asks “is it the governments job to adjust prices?”

Yes. That’s precisely what the government should be doing: Adjusting prices where the market fails to create the socially optimal outcome. In fact, that is one of the major justifications for having government. That and providing public goods. But not much else.

Quelle: Hurray For High Gas Prices!

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Labels: Politik

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