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The alternative doesn’t need to be central planning You could even make an argument that some of the current US problems are caused by central planning, for ex
by bstpierre 4y ago
The alternative doesn’t need to be central planning
You could even make an argument that some of the current US problems are caused by central planning, for example in the form of tax code based incentives or major spending packages
Another separate (but related in some ways) argument is that many companies and individuals can externalize their costs, and this distorts markets
- WalterBright 4y agoThe market-based solution to externalized costs is to tax them. For example, taxing the carbon content of fuels.