The textbook justification for government intervention is that where a market failure exists, government is supposed to step in with policies (taxes, subsidies, regulation, or public provision) that make some people better off without making anyone worse off, thereby expanding the pie.
factualpending
Speaker
Clifford WinstonEvidence Quote
“that's the efficiency objective of government policy”
Created: 6/15/2026, 9:37:54 AM
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