What paradigm is conjured by "Market Distortion"? To me, it’s that the market is a well-defined system and that government intervention can “distort” it or throws it out of its natural balance. This doesn’t seem quite right to me. Government intervention can certain do harm, but government intervention creates the market in the first place.
And now that I’m complaining, I should take a pot-shot at the whole idea of “the market” as well. There’s no single well-defined set of rights or laws which answers to “the free market” in practice or even in theory. Markets should be understood as a mechanism which produces certain results according to supply and demand, not as a particular set of laws and rights.
I’m sure everyone understands on a technical level that capitalist markets are all legal-political constructs, but I think many people don’t appreciate how transitory and variable those rules are – indeed – have to be. Fifty years ago conservatives argued that government lead Keynesian policies would distort the natural order of “the market”. One hundred years earlier they said the same about anti-trust and anti-child-labor laws. One hundred years before that nobody would have contemplated something like the Federal Reserve Board. All those things are now accepted parts of “the market”. Indeed, most economists would argue that they are necessary to maintaining efficient markets at all.
So now you can probably guess why I don’t like the term “Market distortion”. If a political policy results in poor outcomes, then the problem is poor outcomes, not that the law has disturbed the market from some kind of platonic ideal.
Plus it’s bad framing. The only place where distortion is considered a good thing is in the world of electric guitars.