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 Originally Posted by wufwugy
I think it is fundamentally true that if government does anything that people want it to do, the same could be done better and more cheaply by private interests because government policy is necessarily a product of the will of the consumer.
I agree whole-heartedly. If people were benevolent, selfless and smart, we wouldn't need governments, rules, laws, regulations, police, military, or anything like that. I see government as the necessary "evil".
Originally Posted by wufwugy
Perhaps this appears to not be the case because government policy is inherently convoluted and creates unpredicted moral hazards and monopolies
What safeguards do free markets have against coercive monopolies?
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