📖 Read loc 1440-2080 of 12932 (16.08%) of American Amnesia by Jacob S. Hacker and Paul Pierson
Examples and discussion of how markets can manage to fail and why we need good government to fill in the (gaping) holes.
There’s also some good discussion of rent seeking behavior here too. The more I read, the more I think this should be required reading for everyone. I could see a need for taking just the first three chapters and expanding them out into their own book.Syndicated copies to: