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The market failure is that market actors are fallible and their efforts at pursuing their own interests do not necessarily lead smoothly to efficient outcomes that serve themselves or the common good.

On this episode, Oren Cass and Chris Griswold discuss the need for transparent reporting requirements for public pension funds.

Require transparency in management of public money

In National Review, Oren Cass argues that corporations no longer have owners in the way they once did, with far-reaching ramifications for our economy.

Oren Cass is joined by private equity expert Steven Kaplan to discuss leveraged buyouts, bankruptcy, and the effects on workers.

On this episode of Policy in Brief, Oren and Chris take a look at the damage done to workers and local communities when businesses go bankrupt and propose reforms to better align risk and reword.

Put workers ahead of Wall Street
when firms go bankrupt

“Bad competitiveness” results in weakening demand, which either reduces global production or requires surging debt to maintain demand and production at its existing level. Perhaps that rings a bell, because it is the world we live in.

Free international trade is not a vital tenet of liberty in the American tradition; it was adopted, in Burtka’s words, “for the worst reasons and delivered the worst results.”

America grew wealthy not from free trade, but behind some of the world’s most imposing protectionist barriers. In fact, the principal tradition of free trade one finds in American history was born in the Confederate South.