Don Boudreaux of George Mason U. offers a neat capsule pro-market statement, quoting Pietra Rivoli’s 2005 book The Travels of a T-Shirt in the Global Economy, as in this excerpt:
A system that ignores market signals, that provides no incentives, that subsidizes losers cannot be efficient in producing goods and services. Central planners will produce the wrong goods, use the wrong inputs, set the wrong prices, hire the wrong people, and ultimately produce shoddy products, and not enough of them, anyway.
Meanwhile, back at the ranch (White House), the fixers are bound to decide they know all those things and can do it better. They just know, that’s all.
Blithe Spirit 