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2/22/2013 12:47:57 AM
Posted: 7 years ago
I have noticed a recent uptick in attacks on libertarianism in these forums. In particular, it has been discouraging to see political operatives like Stiglitz and Krugman being cited.

Of course, reality tends to have an overwhelming libertarian bias. In practice, more regulation and a larger state almost always does more harm than good. But, that is reality. Oftentimes, statists will attack libertarians by using strawmen.

For instance, statists will sometimes say something like "libertarians assume markets always work perfectly", "libertarians assume everybody has perfect information", or "libertarians ignore that markets can have externalities". Of course, all of these are straw men.

Libertarians argue that markets work better than the state in any given situation not that markets work perfectly. The fact that markets have negative externalities and such do not automatically support more state intervention.

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