October 2015

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« Private Responses to Natural Disasters | Main | Why Market Monetarism Doesn't Explain Everything »


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Hope you don't mind if I comment here on what you wrote in your recent BHL article...

"Left-libertarians often seem to argue that even just a little bit of statism so distorts markets that the results produced by the mixed economy bear little relationship to what a freed economy would produce. Just as putting one drop of a liquid one owns into an unowned lake does not make the whole thing yours, neither does one drop of statism suddenly mean that the results of a mixed economy are vastly different from the results produced by a freed market."

What's the basis for your one drop of statism? If government planners can know the optimal level of funding for defense...then why can't they know the optimal level of funding for education or healthcare?

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