Comment by zztop44

Comment by zztop44 2 days ago

1 reply

I have no idea what you could mean by this unless you have a very specific personal definition of “government intervention in the market”.

The literature makes it clear that government intervention in markets is broadly necessary; the disagreement is around the how and what and why.

speleding 2 days ago

Sorry, I should have picked a clearer term. There is broad agreement among economists that _regulating_ markets is needed to have an optimal outcome for society. I was referring to government subsidies specifically, in that case the distortion is rarely beneficial. Especially when taking into account that the money could have been applied elsewhere with bigger gains to society.