Topic: Invisible Santa Bunny

So named because of a com­menter’s wry query about how the «Mag­i­cal San­ta Bun­ny of the Free Mar­ket» would address cer­tain prob­lems with­out leg­is­la­tion, com­bined with Adam Smith’s famous «invis­i­ble hand» of the free mar­ket. It’s a chest­nut of lib­er­tar­i­an rhetoric that prob­lems will resolve them­selves with mar­ket-dri­ven pri­vate-sec­tor fix­es, and that those fix­es both will be more effec­tive and will bet­ter pro­mote free­dom. This top­ic explores that idea with prac­ti­cal ques­tions and, hope­ful­ly, answers.
 

Posted onOpinionated Junk

How do market forces prevent gas main explosions?

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This post is the first in the Invis­i­ble San­ta Bun­ny top­ic, so named because of a com­menter’s wry query about how the «Mag­i­cal San­ta Bun­ny of the Free Mar­ket» would address cer­tain prob­lems with­out leg­is­la­tion, com­bined with Adam Smith’s famous «invis­i­ble hand» of the free mar­ket. It’s a chest­nut of lib­er­tar­i­an rhetoric that prob­lems will resolve them­selves with mar­ket-dri­ven pri­vate-sec­tor fix­es, and that those fix­es both will be more effec­tive and will bet­ter pro­mote free­dom. This top­ic explores that idea … Read the rest

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