Saturday, July 1, 2017

A libertarian basic income?



 Vernon Smith

At Marginal Revolution, Alex Tabarrok explains a new proposal by economist Vernon Smith to privatize the highway network to create a permanent income fund. The piece links to a Wall Street Journal article that's behind a paywall, but Tabarrok quotes enough of it to give you the idea.

Smith explains that auctioning off much of the federal government's private grazing lands in the west also could raise money for the fund.


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