Sweet. I'm stuck at work all day and I just ran out of podcasts.
This recent run of podcasts has been just great. Thanks so much.
I may have to take a little bit of issue with the statement that if someone is advocating a government program, then they are conceding that it has no value, since people are not willing to pay for it. It seems to me that what they believe is that people do value the program, but they cannot grasp the complex mechanisms that are required to achieve an efficient level of production. This is, of course, setting aside the fact that they are supressing the understanding that holding a gun to someone's head and taking their money is immoral..
Just as an example, let's consider security services. I think we can all agree that there is some value in having individuals that specialize in preventing us from being aggressed against by other individuals in the form of theft or physical violence. If I set up such an agency, then some people will voluntarily pay for the service, while others will not because they can just free-ride off everyone else's contributions. This leads to an inefficiently low level of security services being provided as a while.
The statist then argues that we need to pay for such services through taxation to overcome the free rider problem, as if they can determine the efficient level of production. He does not argue this because security services have no value, but because he believes this is the only mechanism that will yield efficiency in this area of service.
Fortunately, in this day and age, we have years of research in the field of economics system design to show us that efficiency can indeed be achieved by putting in place the correct voluntary pricing mechanisms through sophisticated auctions, rendering any claims of state efficiency entirely invalid.
I don't know if I am making any sense here. I should probably just get back to coding...