France has been dirigiste since Louis XIV centralized all power under him, and the French leadership has been trapped in that intellectual straitjacket ever since. The idea of lowering the burden of government and letting market forces work is probably inconceivable to President Hollande -- and most of his people.
Tags » Dan Mitchell
A classically trained economist will always remind you that, “there is no such a thing as a free lunch.” With debate swirling in leftist circles around single payer and “free” healthcare, we need reminders of the impact of the loss of the profit incentive and the loss of an actionable feedback loop that the free market effectively provides. 337 more words
Progressive city councils (Hello, Seattle and Los Angeles!) and state governments (Hiya, California!) have a lot to answer for: pricing out of the job market the very people they claim to want to help -- young people and the poor.