Nobel Prize winning economist Milton Friedman once said, "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand." In section 16-5 of your text, McEachern states, "Governments attempt to address market failures in the private economy. But simply turning problems of perceived market failure over to the government may not always be the best solution, because the government has limitations and failings of its own. Participation in markets is based on voluntary exchange. Governments, however, have the legal power to enforce public choices." How do the incentives and feedback for government bureaus differ from those for profit-making firms? In general, is there currently too little or too much government regulation in the U.S.? Provide specific examples of too much or too little state oversight of private industry. Discuss