Before evaluating government versus private solutions to market failures like externalities, one must analyze what government will actually do, because the same market forces, incentives, and supply-and-demand dynamics that operate in private life also operate in the public sphere.
normativepending
Speaker
Russ RobertsEvidence Quote
“before we evaluate the advantage a government versus a PR private solution we want to know what government will do lot of times that's just taken as a given well government will do the right thing but it's a little more complicated than that isn't it”
Created: 6/15/2026, 9:20:30 AM
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