Government Failure Worsens Economic Woes, Warns Public Choice Theory
The article talks about how government actions can sometimes make things worse instead of better for the economy. The researchers believe that just like how markets can fail, governments can also mess up when they try to fix things. They studied why this happens and found that when governments step in to solve economic problems, they often end up creating new problems instead. In simple terms, this is called government failure, which means the government doesn't always make the best decisions when it comes to the economy and politics.