Anogete's Journal

Question: On economic matters, how would you address the problem of public goods and the free rider problem (think streetlights or roads, by way of example). How would you respond to the claim that the market is a poor regulator of safety, since it, by definition, only regulates ex post? (i.e., a market, assuming full information on the part of the participants, which is another issue altogether, can only respond to a safety issue after the issue has come to light, presumably through evidence of harm; think here of the role the FDA plays today and how a libertarian government would address that issue).

I always ask these questions of libertarians and never receive an answer.