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July 26, 2007

The Basics

I love it when somebody lays things out in the most basic terms. So, here's three cheers for Kip, Esquire!

To review: The government has no business providing any goods other than public goods. A public good is one that is neither excludable (I can withhold a cheeseburger from you if you do not pay for it) nor rivalrous (a cheeseburger cannot be consumed simultaneously by more than one person).

Wulf Posted by Wulf on July 26, 2007 at 06:30 PM

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