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eflaspo (November 30, 1999 at 12:00 am)
Free Enterprise Has a Hard Time Providing Public Goods. Private firms can provide goods and services only if they can at least break even doing so. Public goods are essentially open to the public and can't be kept private. Governments can force people to pay for public goods. They do this by levying taxes and using the tax revenues to pay for public goods, such as national defense, police departments, lighthouses, public fireworks displays, basic scientific research, and so on.
eflaspo (November 30, 1999 at 12:00 am)
Very slick low-key propaganda. Free market capitalism is fine as long as it remains free. Unfortunately, human nature is not always that of honor and integrity. In a free market, there will always be those people who will find ways to rig the system in his or her own favor. Government must provide the regulations necessary to prevent monopolies, collusion, and other attempts to subvert the system.
DavidByrne85 (November 30, 1999 at 12:00 am)
This doesn't even rise to the level of a soviet propaganda film.
Vdrummer182 (November 30, 1999 at 12:00 am)
"Ludwig von Mises was teaching thinking... " so true... so true
IBloodSweatTears (November 30, 1999 at 12:00 am)
@MrBigEnchilada Id take them all (Including Henry Hazlitt) & put them into 1 Austrian Super Being Economist.
Thus, creating the ultimate understanding of global economics theory. Creating the perfect economist. His name?
Roicyeklettman or,
Misbard von Yekfriedlitt. Or...
Friedbard von Hazyekman.
CaptainSkeletor (November 30, 1999 at 12:00 am)
I've just ordered a copy of Human Action!
Dirge987 (November 30, 1999 at 12:00 am)
Wtf is Ron Paul doing there? That's awesome!
Dirge987 (November 30, 1999 at 12:00 am)
@kingnat2 "All I see the free market do is fluctuate from okay to complete shit."
ಠ_ಠ
How can you say you've seen the free market when one has never existed?
wearechangewestv (November 30, 1999 at 12:00 am)
@kingnat2 possibly because it wasn't a free market to begin with
kingnat2 (November 30, 1999 at 12:00 am)
@ElJefer What evidence? All I see the free market do is fluctuate from okay to complete shit. How will massive deregulation make my life better? Convince me.
Oh and so you know, Mises was very emotionally charged about his fear of "Communism" which is what he thought the USSR was, which displays his lack of knowledge of left wing economics. |
