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David Friedman's avatar

I am spending the next two weeks at the Pennsic war, a historical reenactment event, sleeping in a medieval pavilion on a medieval rope bed. I plan to continue posting every three days but I may not get around to responding to comments for a while.

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Frank's avatar

Excellent, again!

Put only slightly differently, we have to recognize that a move toward freer trade will create losers as well as winners. What can be said with certainty is that the winners win more than the losers lose. Thus, the losers can be compensated. My left, collectivist, hand says we should compensate, not least as a way to get to free trade. My right, libertarian hand, slaps me in the face!

Perhaps one could instead say that government makes many policy changes. If all, or perhaps most of them, were to enhance efficiency, everybody would get a turn at winning.

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