IMO- irrespective of big or small , a government which works for people is the need of hour.
Markets don't exist in isolation either , they are heavily influenced by externalities , its only free within certain bounds , don't you think ?
RE: Steemit Libertarians: Is this caller right about libertarian economists?
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Steemit Libertarians: Is this caller right about libertarian economists?
government which works for people - this is mostly empty words. what does work for people mean?
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while market can have externalities and bounds there are ways around this in a mostly market economy. Now libertarians are of varying oppinion on this. Mostly will tell you about Coase. I can accept some laws for externalities that can be significantly damaging, as long as this is clearly proven. Although I am more on the punishment for damage when damages caused to others are evident than excesive so called preventive regulation for most things.
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