THAT the invisible hand often breaks down is actually good news. After all, we need to tax something to pay for public services. By taxing forms of consumption that generate negative side effects, we could not only generate enough revenue to eliminate budget deficits, but also help steer resources toward their most highly valued uses.I found much in this article to draw argument with, but I'm going to focus on this statement alone. The idea that, "fortunately" we may have a
This is an article sure to be critiqued heavily by classical liberals in the coming days over the blogosphere, this is my contribution.