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by perl4ever
2425 days ago
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Free markets only work if transaction costs are reasonable. I actually agree with you that the fundamental purpose of government is to be a middleman, but that is the most important thing in the world! All the time people want to talk about negative externalities - lowering transaction costs is the ultimate positive externality, and it doesn't get accounted for on anyone's books, so people get deluded into thinking there is no return on tax money. |
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