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How Government Uses “Efficiency” as an Excuse to Steal

July 24, 2014 in Economics

By Ryan McMaken

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Mises Daily Thursday by Gary Galles:

Only individuals can determine what is efficient for themselves, and they will only engage in voluntary exchange when they believe it is the efficient thing to do. Some economists, and most governments, prefer to use other standards of efficiency such as “potential compensation” which leads to government mischief.

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Source: MISES INSTITUTE

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