Another fine econ 101 video from the Center for Freedom and Prosperity. That government monopolies like the post office and public schools deliver inferior service at greatly inflated cost is as well established as any fact can be this side of Eternity. The mystery to me is why we still keep making this fundamental mistake of assuming that a government monopoly is necessary rather than looking into new measures to reach the goal sought. The faith in government, especially on the political Left, is as charming in its naivety as it is irrational.
The last century was often a long sad failure to heed the warnings of Rudyard Kipling in his poem The Gods of the Copybook Headings. I hope this century will not repeat this inability to learn some very simple lessons about the limits of both government and wishful thinking.