The Public Choice Argument

Previous posts in this series:
The Incentive Argument
The Cooperation Argument

We only have two ways of making economic decisions: the market process and the political process. Most of the time, politicians have neither the knowledge nor the incentive required to make good decisions. For this reason, the market process usually returns better decisions than the political process.

Without more detail, it is difficult to object to this argument, so I will save objections for later.

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