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A comment on Mises, Hayek, and Friedman.
You need to learn about how free market law works.
Negative externalities are compensated for if people desire it and if it's technologically feasible.
Moreover, you are assuming the "oversight" will be rational, directly contradicting public choice theory.
Edit: tl;dr: Don't waste your time reading this Keynesian Econ 101
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You need to learn about how free market law works.
Negative externalities are compensated for if people desire it and if it's technologically feasible.
Moreover, you are assuming the "oversight" will be rational, directly contradicting public choice theory.
Edit: tl;dr: Don't waste your time reading this Keynesian Econ 101