The Market Failure Fetish: Why Every Bump in the Road Isn’t a Systemic Crisis

Walk into any policy debate these days and you’ll hear the same diagnosis for almost every problem: market failure. Housing too expensive? Market failure. Insulin prices climbing? Market failure. A concert sells out in minutes? Believe it or not, someone will call that a market failure too. The term has been stretched so thin it’s [ ] The post The Market Failure Fetish: Why Every Bump in the Road…