Quote of the Day

“I think that Beam is fairly confident that his readers will nod their head in agreement when he says that libertarianism obviously cannot work. He takes the view that government programs exist because markets fail. But the fact that markets fail does not mean that government solutions work.”

Arnold Kling

2 responses to “Quote of the Day

  1. Markets fail, use markets.

  2. An anarchist friend of mine admitted the existence of government itself might be proof that market failures exist. Is a government a form of market power and creates negative externalities that markets can’t find a “solution” to? Do governments exist because they assign themselves property rights through coercion?

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