Two things I want to figure out soon: How do Austrian economists deal with 1. Public goods 2. Credit expansion Just downloaded a few PDFs on these topics.
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I remember watching a
@StefanMolyneux video years ago where he said private ownership of the ocean and forests would solve environmental problems. It wasn't convincing at all.6 replies 1 retweet 9 likesShow this thread
Replying to @MimeticValue @StefanMolyneux
Those libertarian arguments are just senseless. They do not account for monopolistic behavior at any capacity, and don’t recognize ANY externalities. Hayek supported public goods specifically because he recognized externalities and monopolistic behavior.
9:14 AM - 9 Jul 2018
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