TRANSACTION COSTS:
Why is imposing transaction costs on others not imposing any other cost upon them? Sure, of the various costs you can impose upon them: violence, theft, fraud, privatization, socialization conspiracy – like moral violations, they are indirect costs. But then that’s what we use the term morality to refer to: indirect costs. So then why is imposing indirect costs upon others different from any other immoral violation?
Well it isn’t.
Separatism imposes transaction costs.
Source date (UTC): 2014-11-09 04:59:00 UTC
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