June 30, 2010
Podcast on market failure vs. market process and the decline of newspapers

I talk with Bruce Edward Walker about the Federal Trade Commission and the decline of print journalism, in this podcast from The Heartland Institute (page here, mp3 file here).

Posted by Edward J. Lopez at 06:13 PM

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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