Bruce Yandle is a distinguished adjunct fellow with the Mercatus Center at George Mason University and dean emeritus of the Clemson University College of Business and Behavioral Science.
The amount of public debt to be serviced is huge and growing, and we’re in uncharted territory now.
Who knows? Maybe, just maybe, regulated capitalism will be replaced with free-market capitalism.
We must find ways to unrig the system where it has been rigged by special interest interaction with politics, to decentralize decisions so that accountability is more vivid and accessible, and to avoid empowering politicians and their appointees to pick winners and monopolize markets.