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Rules can also boost liberty
William L. Holahan and Charles O. Kroncke, St. Petersburg Times (FL)
Capitalism |
Ron Johnson |
For example, governments regulate banks to prevent financial meltdowns; specify the minimum contents of health insurance policies; and impose the progressive income tax. Based on an incomplete understanding of [Adam] Smith and the modern economics he founded, and often relying more on Ayn Rand novels than on rigor, many pundits, politicians and self-proclaimed "conservatives" maintain that all government restrictions on markets are inefficient and limit freedom.
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