Lightfiend
07-10-2010, 03:59 PM
Taxes: A Negative Externality? (http://www.libertarianminds.com/taxes-a-negative-externality) by Steven Handel, LibertarianMinds.com (http://www.libertarianminds.com)
One of the most commonly argued disadvantages of uninhibited private property and free markets is that they result in too many negative externalities. In this post, I hope to make the point that state intervention imposes just as many of these negative externalities as free trade, and by no means are these economic phenomena particular to so-called “market failures.”
One of the most commonly argued disadvantages of uninhibited private property and free markets is that they result in too many negative externalities. In this post, I hope to make the point that state intervention imposes just as many of these negative externalities as free trade, and by no means are these economic phenomena particular to so-called “market failures.”