"Bottom line: In the sector closest to perfect competition, where economists truly have to think hard even to imagine a case against laissez-faire, Americans favor heavy intervention nevertheless."What is an economist to do? It seems more and more people attend college, and more and more of these people take a microeconomics principles course, and yet, such survey results suggest many do not understand the way economies work.
Sunday, April 29, 2007
Bryan Caplan offers some important observations that follow from a survey about agricultural subsidies: