2 ms·
> How do you think externalities should be solved? Since government interference with markets involves people making rules who are not parties to any of the tr
by pdonis 5y ago
> How do you think externalities should be solved?
Since government interference with markets involves people making rules who are not parties to any of the transactions in the market and who suffer no penalties when their interference causes harm, government interference itself is an externality. So the claim that government interference can somehow solve externalities is obviously false on its face.