Who is going to “regulate” the government? Markets. Here’s how.

In here talk Deirdre McCloskey said: Big Question: quis custodiet custodiem? Who is going to “regulate” the government, and “protect” us from government? I claim that markets do so. Governments reward the corrupt (both within government and in corporations). The huge bailouts in USA are a classic example. Those who worked hands-in-glove with government regulators […]