Externalities make fascinating challenges to classical liberal philosophy. I'm staunchly against things like price ceilings and quotas in economic governance, but I also strongly agree with this claim-
"It is regulation which creates the market"
http://www.monbiot.com/archives/2005/09/20/a-world-turned-upside-down/
Subscribe to:
Post Comments (Atom)
1 comment:
Extremism of any kind is bad, and that goes for libertarians too. An extremist libertarian approaches the status of being an anarchist, and pure anarchy is stupid.
Regulation isn't bad in itself, as long as it's healthy and limited.
Post a Comment