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A controversial idea at the heart of Bidenomics

Planet Money

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Government Intervention in Market Failures

Market failures provide an opportunity for government intervention to rectify inefficiencies. However, a key concern is whether government intervention would potentially worsen the situation compared to the initial market failure. One objection to government involvement is the lack of essential information to identify market failures accurately. Additionally, there is a fear of political influence leading to resources being directed to well-connected firms rather than addressing the actual market inefficiencies.

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