>From De Long. An old review, but the claim that market failure is less
damaging than government failure is a laugh -
[WS:] So what is your point? He is arguing against that claim, no?
PS. It is difficult to take the anti-government rants claims of the US political establishments for their face value or even seriously. What they really object to is government social spending, not government per se. What they would really want is welfare state for business, socialism for the wealthy and market capitalism for the rest of the population - but they cannot openly admit it, so instead they use government as the code word. It makes no sense debating these ratfuckers - just ignore them like dog's barking or show them to the door if you are in a position to do so.
Wojtek