http://globaleconomicanalysis.blogspot.com/2014/01/schiff-vs-ritholtz-political.html#SiFXioyDzMTQS8k6.99″…if you give things away free, people able to work, will stop working….[but], Here’s an important corollary: If you make people work, you end up with work that has no economic justification.”
I think we can solve this problem finally. Its not so much a conflict as it is an opportunity for the application of technology.
And ill add a third corollary, that is, that respecting property rights and policing against free riding is in fact Work.
And while AnCaps argue that access to society and the market is sufficient compensation, clearly the market for political rents demonstrates that it is not.
There is value in compensating people for respecting property, commons, manners, ethics and morals, law and the rule of law.
Not the least of which is that their incentives then will match those in the productive sector rather than those of the predators un the public sector.
Source date (UTC): 2014-02-01 09:18:00 UTC
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