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David L. Kendall's avatar

"The distinction that matters is not public versus private, but market versus non-market." I'll push back. The distinction that matters is neither; the distinction that matters is voluntary exchange interaction versus compelled interaction.

"Public choice economists have often been fixated on inefficiencies in government, overlooking the significant rent seeking that occurs in the private sector. Rent seekers, unconcerned with the source of the gains, pursue opportunities across the entire economy, not just through government channels." Can you give some examples of rent seeking that does not involve government operatives?

"Public choice should become simultaneously more optimistic about the potential of government, while growing more realistic about the realities of markets." We Austrian economists do not suffer delusions about market realities in the first place. Can you give some examples of successful and laudable government actions that might stir optimism for more of the same?

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