Triangular Intervention

Tags: Austrian Economics Overview, Interventionism

08/28/2008 Mark Thornton

Price controls, product controls, compulsory cartels, licenses, standards, tariffs, child labor laws, conscription, minimum wage laws, subsidies, penalties, anti-trust, conservation laws, patents, public utilities, eminent domain, and bribery are among the many triangular interventions by government that distort markets and reduce benefits to consumers.

An Alice J. Lillie Seminar. This lecture covers pp. 1075-1147 in the Scholar’s Edition of Rothbard’s Man, Economy, and State.

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