Economics

The Limits to State Regulation

It is now more than thirteen years since I established the Institute for Private Enterprise, which (rather strangely) seems to be the only think-tank in the world with the specific objective of promoting private enterprise as government policy. Stranger still, perhaps, is that I established it because the previous institute for which I was working after I resigned from the Treasury, and which also supported free enterprise in principle, thought I should be less “fundamentalist” in publicly promoting its virtues. That reinforced my view that it is not only the believers in socialism and big government that have to be…

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