Water Shortage? – Rothbard ca. 1977 LewRockwell.com

Meanwhile, how is “libertarian” Milton Friedman, now resident in the San Francisco area, taking to the water crisis? Is he advocating privatization, free competition among private water companies? Is he at least advocating the setting of a market-clearing price by the government water company? The answer to all of these is, remarkably, no. In his Newsweek column, Friedman favored keeping government water rationing, but making it more efficient through a typically elaborate scheme for surcharges for consumption over a certain quota of water, to be financing rebates for consuming under the quota. Thus, once again Friedmanism descends to being an efficiency expert for statism.

via Water Shortage? – LewRockwell.com.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.