Classical Liberalism’s Impossible Dream

Free markets “work” because certain people don’t want to work if they have to pay too much taxes.

Attack the System

By Robert Higgs

I can understand why someone might embrace classical liberalism. I did so myself more than forty years ago. People become classical liberals for two main reasons, which are interrelated: first, because they come to understand that free markets “work” better than government-controlled economic systems in providing prosperity and domestic peace; second, because people come to believe that they may justifiably claim (along more or less Lockean lines) rights to life, liberty, and property. These two reasons are interrelated because the Lockean rights provide the foundation required for free markets to exist and operate properly.

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