Decius wrote:
4. Unregulated markets will always select the most desirable social outcome.

First, I'd want to clarify what you mean by "unregulated."

If by "regulation," you mean "creating and enforcing laws & rules under which the participants in a given industry must operate, in the interest of creating level playing fields and protecting investors/consumers from unfair business practices" (my humble definition), then I agree with your inclusion of Conservative Myth #4.

If, on the other hand, you're referring to regulatory economics, in the sense that government actually manages the economy, then I'll probably disagree that it's a myth, depending on what you mean by "most desirable social outcome." You and I might not share the same desired outcome.

RE: FIVE CONSERVATIVE MYTHS