The Market for Liberty imagines a totally free society - one with no government intrusion whatsoever - in which the free market is left to respond to the demands of individuals without recourse to institutionalized coercion, implied or actual.
Let’s look at education. Now, there’s an industry — we can all agree — that adds value. You could look at it as a charitable activity. Or as a profit-making business. Either way, education has to be a plus for the individual and for the society, right?
Wrong on both points. Education is only a benefit when freely floating prices are allowed to determine what it is worth.
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