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The Tom Woods Show

Ep. 864 The Bogus Public Goods Rationale for Government

The Tom Woods Show

Tom Woods

Politics, Economics, Libertarian, Government, News

4.83.3K Ratings

🗓️ 7 March 2017

⏱️ 43 minutes

🧾️ Download transcript

Summary

We're told we need government because only the public sector can give us "public goods," which are either impossible to produce privately or are produced in the wrong quantities. In this lesson from my Ron Paul Curriculum course on government I put this claim under a microscope.

Show notes for Ep. 864

Transcript

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0:00.0

The Tom Woods Show, episode 864.

0:03.5

Prepare to set fire to the index card of allowable opinion.

0:08.3

Your daily dose of Liberty Education starts here, the Tom Woods Show.

0:14.7

Folks, today's show is brought to you by the good folks at Casper.

0:18.1

Get $50 toward any mattress purchase by visiting casper.com

0:23.4

slash Woods and using promo code Woods.

0:27.5

Hey everybody, Tom Woods here.

0:28.8

I still have this crazy cough, and they're just telling me there's nothing you can do about it.

0:33.4

You've got to just wait this out.

0:35.0

And cough medicine ain't doing nothing for it. So it's been hard to do,

0:39.6

like yesterday's episode, short episode on Trump, I had to just keep coughing through the whole thing.

0:45.3

We had to edit them all out. So I'm going to try to rest my voice for another day. And it helps

0:50.1

that I've done eight zillion things in the past, recorded many things, created a lot of videos.

0:56.5

So I'm going to take something, give you another free sample from the government course I created for the Ron Paul Home School curriculum.

1:04.9

And this particular lesson is on the public goods argument.

1:09.5

And in what follows, I'll define what public goods are. You're

1:14.0

probably familiar with the argument. This is why we need the government to provide certain

1:18.7

goods and services because the private sector can't provide them for these following reasons,

1:24.3

and these are all things that constitute public goods. That is a very, very common

1:30.2

argument, and we've addressed it at least a couple times on the show in the past, so I'll try and

1:34.7

link to those previous episodes on the show notes page. This is reasonably systematic treatment

1:42.4

of the question, and I hope you like it. I hope you find it interesting. If you do, at the treatment of the question, and I hope you like. I hope you find it interesting.

...

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