The Dub-MOE comes up pretty big. In Forbes.
Trade is a fundamentally peaceful undertaking that unites people who might even dislike one another. Government intervention is literally the imposition of someone willing to use force to prevent people from cooperating.
Well. Yes, yes it is. Robert Nozick said that regulation "prevents capitalist acts between consenting adults." Always works well to make it sound sexy, right?
So, if you have two people who want to have an agreement, and they are both competent, and there are no externalities, why in the world does anybody else care? And even if they do care, why do they get to use violence to prevent it?
Trade is a fundamentally peaceful undertaking that unites people who might even dislike one another. Government intervention is literally the imposition of someone willing to use force to prevent people from cooperating.
Well. Yes, yes it is. Robert Nozick said that regulation "prevents capitalist acts between consenting adults." Always works well to make it sound sexy, right?
So, if you have two people who want to have an agreement, and they are both competent, and there are no externalities, why in the world does anybody else care? And even if they do care, why do they get to use violence to prevent it?
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Do you have suggestions on where we could find more examples of this phenomenon?