4.8 • 3.3K Ratings
🗓️ 11 February 2014
⏱️ 31 minutes
🧾️ Download transcript
Do "public goods" require government intervention? Professor Fred Foldvary says no.
Click on a timestamp to play from that location
0:00.0 | I've abandoned free market principles to save the free market system. |
0:09.9 | In a world of conventional confusion, there will be time for them to make profits. |
0:14.9 | Now's not that time. |
0:16.5 | Daddy, what do taxes pay for? |
0:18.3 | Oh, why everything? |
0:19.7 | Policemen, trees, sunshine. |
0:21.9 | And let's not forget the folks who just don't feel like working, God bless them. |
0:25.9 | Don't be afraid. |
0:26.7 | I'm feel free to unshackle your mind. |
0:31.3 | An idea whose time has come cannot be stopped by any army or any government. |
0:36.9 | Your professor has arrived. |
0:41.1 | Tom Woods. |
0:46.8 | Beware, citizen, you are now departing from the world of allowable opinion. |
0:52.3 | The Tom Woods Show. Welcome, everybody. It is Tuesday, February 11, |
0:59.5 | 2014. Public goods are often cited to justify government intervention. You'll see this |
1:07.3 | economic concept in your introductory economics course and in every economics textbook. |
1:12.8 | But does it in fact justify government intervention? |
1:15.4 | We're going to look at that question today with Professor Fred Folvery, author of Public Goods and Private Communities, |
1:22.6 | The Market Provision of Social Services. |
1:24.7 | But before we get to Fred, a couple of quick notes here, |
1:33.2 | do you believe that next week, I can't believe this, next week, a week from today, |
1:39.2 | is our 100th show? I cannot believe I've done 100 shows already. Where'd the time go? |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Tom Woods, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Tom Woods and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.