June 29, 2010
Is the reinvention of journalism too important to be left to the market?

Careful readers may recall my recent rant here on DOL about the Federal Trade Commission's discussion paper on the reinventing journalism.

Today at The Freeman I have a guest column taking a somewhat calmer approach. Enjoy.

Posted by Edward J. Lopez at 08:05 AM in Economics

The statesman who should attempt to direct private people in what manner they ought to employ their capitals would not only load himself with a most unnecessary attention, but assume an authority which could safely be trusted, not only to no single person, but to no council or senate whatever, and which would nowhere be so dangerous as in the hands of a man who had folly and presumption enough to fancy himself fit to exercise it. -Adam Smith

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