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28 Dec 2017 20:56:58 UTC
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Regulation and Intervention | Interview with Steve Horwitz
Should governments regulate and intervene to correct "market failures?"

Steve Horwitz explains the dynamics of interventionism and the issues with regulating and intervening in the free market.

"What regulation and intervention do is prevent markets from discovering new ways of solving existing problems and new ways of solving new problems. When regulation erects barriers to entry or other kinds of limits on market behavior, it cuts short this discovery process, and that leads to inefficiency and waste of resources."

Find out more about regulation and intervention here: http://www.thefreemanonline.org/headline/free-markets-are-regulated/
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Foundation for Economic Education
video/mp4
Language
English
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