Every story and comment from the Hacker News API, in a layout borrowed from 2001.
A comment on Bringing back the Somali shilling. Parent comment
"Market Failure: An Argument for and Against Government"
http://www.daviddfriedman.com/Machinery_3d_Edition/Market%20...
David Friedman doesn't deny that market failures exist, but he points out that the exact same economic phenomenon happens with government, and there's no inherent reason why government is more or less susceptible to it than markets.
There are no comments on this comment yet.
"Market Failure: An Argument for and Against Government"
http://www.daviddfriedman.com/Machinery_3d_Edition/Market%20...
David Friedman doesn't deny that market failures exist, but he points out that the exact same economic phenomenon happens with government, and there's no inherent reason why government is more or less susceptible to it than markets.