Tyler Coughlan, Chapter 4, Question #5

One of the big problems Wheelan brings up in the chapter is how much the government should be involved in the economy and what things would they do better at then the private sectors and what they would do worse. An area they do bad in is the post office which is run unefficently and has bad customer service because the workers have no incentive since it is run by the government and the private sector could do this better. They could create competition and therefore giving us people better deals and private sectors thrive on customer satisfaction. An area the government needs to be in control is the DMV, yes this is still slow and has often frustrated customers. It is needed to be run by the government because if you create competition for getting a drivers license, people that shouldn't be driving will be driving because a private sector will sell because they are trying to make money. Wheelans solution was too have certain things run by private sectors and others by government government regulation. Another solution for government involvement is to keep it to regulation. The books example is that entrepreneurs are better in the private sector but its good for the government to have road blocking that stop the entrepreneur from bringing cocaine into the united states.