Comment 7076

By Ryan (registered) - website | Posted June 21, 2007 at 16:11:43

Hi farmer6re9,

The important thing to remember is that people respond to incentives.

Governments create the regulatory framework in which the incentives that guide our actions - mainly through price signals - are shaped. At the same time, democratic governments exist so that people have another means, outside the marketplace, to express their values and preferences.

People won't make good choices if we've framed our markets to punish good choices and reward bad ones. Governments exist partially so that citizens can decide how to frame the choices we make.

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