I don't think anybody has any idea what the economic impact of Brexit will be. Steve Eisman
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Wednesday, 2 March 2016
Unit 1: Government Failure - The War on Drugs
A controversial, but relevant example of government failure. A concept that comes up every year in Unit 1 questions. Obviously it is very unlikely you will get a question on drugs, but the concepts are the same. Government intervening in a market to reduce market failure, but actually making things much worse!
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