When laissez-faire creates instability, the move to a freer market can be something less than pure gain. - Robert Kuttner

But of course you can have your cake and eat it, too - if you decide to to bake a second cake. And you may well find that baking two cakes does not take twice the work of baking one.

Technological advance often thrives in sheltered and subsidized markets, which defy free trade.

The total impact of the Reagan tax cuts on capital lowered the effective cost of capital to American industry by an estimated 1.2 percent. Unfortunately, the Laffer curve did not work as advertised. Lower tax rates did not produce more tax revenues. They produced deficits.