https://www.econlib.org/james-mackintoshs-misunderstanding-of-markets/

Harold Demsetz pointed out in a famous 1969 article that many economists use the “Nirvana approach.” They compare actual markets with ideal government programs run by all-knowing bureaucrats with benevolent motives rather than comparing actual markets with actual government.

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Let me know when someone finds any “government programs run by all-knowing bureaucrats with benevolent motives” because I’ve never seen any Gooferment program that works at all.

Argh!

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