Interventionism

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Ryan McMaken

Left alone, the market always allocates resources to the highest bidder i.e., to their most highly valued uses and through this process of investment and reinvestment, capital is accumulated and the marginal productivity of labor increases. Thus when the market remains free, wages and living standards are seen to continually increase as well.

Gary Galles

The word efficiency as used by government has been demoted from a useful analytical term to little more than another warning to watch your wallet.