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My GMU Econ colleague Bryan Caplan details some of the many reasons why the theory of market failure is a set of floating abstractions, none more baseless than the belief – unjustified in theory and disproven by reality – that governments reliable act apolitically and with sufficient knowledge to ‘correct’ market ‘failures [2].’ Here’s Bryan’s conclusion:

I could go on and on, but [the] general point is that market failure theory does more than complain about markets; it also tells governments how to repair them.  Any government that fails to comply with these impressively precise instructions ipso facto fails.  Indeed, non-compliant governments are a textbook case of government failure.  And while the severity of this government failure varies, every known government fails severely.

In my most recent column for the Pittsburgh Tribune-Review, I applaud an event of 46 years ago: the end of conscription in the United States [3]. Here’s my conclusion:

Conscription results in the Pentagon’s budgetary figures lying about society’s true cost of manning America’s armed forces. Even worse, conscription — by relieving taxpayers of the need to pay full price for military personnel — enables taxpayers legally to steal conscripts’ labor services. That’s slavery.

Max Gulker explains what a real libertarian experiment looks like [4].

Here’s part 2 of Alberto Mingardi’s and Terence Kealey’s critical assessment of the work of Mariana Mazzucato [5].

George Will isn’t convinced that P.M. May’s Brexit plan is dead [6].

Kelsey Harkness defends my former GMU colleague Neomi Rao from leftist distortions [7].

My Mercatus Center colleague Jennifer Huddleston Skees warns of attempts to regulate Internet content [8].

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