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Posts Tagged: “government inefficiency“
Why the Government is Not The Answer to Urban Planning
City planning is a task that is often seen as a unique realm of governmental necessity. The existence of externalities means that the market could create extremely sub optimal outcomes when creating a city. For example, a house with a messy front yard hurts everyone, but the people in this house might have little incentive […]
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Market Efficiency vs. Bureaucratic Expansion: A Critical Comparison
With the Trump administration ushering in a new class of bureaucrats under the auspices of private businessmen, it’s worth recalling why the phrase “government efficiency” is an oxymoron. As the Austrian School of Economics stresses, the key difference between business and bureaucracy is the ability to measure profitability. The following article was originally published by […]
Invisible Hand as Conservationist: The Power of The Market to Protect the Environment
While the efficiency of the free market is very often accepted in the realm of industry, the environment is often used as an example of the government’s necessary role in the economy. Public goods are used as an example of the problems with market allocation. Short-sighted business owners are apparently unable to see or account […]
Charter Schools Showcase the Power of Educational Freedom
Public schools are losing students to charter education, and government officials are doing whatever they can to bail them out. On March 6th, Colorado House Bill 1363 was proposed. The legislation included several anti-charter school reforms, including decreasing funding and allowing public schools with declining enrollment to prohibit new charter schools within the district. However, […]