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The problem with you Murray Rothbard types is that you all too readily descend to panglossianism when evaluating market outcomes. It's no great insight that ma
by scoopertrooper 5y ago
The problem with you Murray Rothbard types is that you all too readily descend to panglossianism when evaluating market outcomes.
It's no great insight that markets are generally the most efficient means of allocating resources. However, it's also no secret that greedy individuals will gleefully extract economic rents from their monopoly over resources when they feel free to do so.