"Markets 'fail' unless they’re optimal. Governments 'succeed' unless they’re on fire." https://www.econlib.org/optimality-versus-fire/ … ...
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Replying to @Outsideness
in intelligentsia-speak, a market failure is when wealth is being generated but favored groups aren't getting a big enough cut.
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Replying to @cultofunreason @Outsideness
Government fail when they can't do what governments want to do. Markets fail when they can't do what government wants them to do.
9:52 PM - 26 Oct 2018
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