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Thanksgiving, Redistributionism, and Libertarianism

Thursday, November 24, 2016 16:27
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What’s the fundamental problem with redistributionist economic policy? As a libertarian, I would answer with a philosophical argument against coercion. I think it is immoral for vote-seeking politicians, using the threat of imprisonment, to rob Peter to subsidize Paul. But as an economist, the problem is incentives. Simply stated, redistribution from Peter to Paul undermines […]

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