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May 21, 2013
The master narrative of High Liberalism is mistaken factually.
Externalities do not imply that a government can do better. Publicity does better than inspectors in restraining the alleged desire of businesspeople to poison their customers. Efficiency is not the chief merit of a market economy: innovation is. Rules arose in merchant courts and Quaker fixed prices long before governments started enforcing them. -- Factual Free-Market Fairness
Posted by gerardvanderleun at May 21, 2013 12:01 PM. This is an entry on the sideblog of American Digest: Check it out.