The Intoxicating Effects of Privatization

As I blogged about earlier this month over at the Objective Standard, states are beginning to understand the benefits of privatization. Unfortunately, few of them seem to understand the mechanism of why open markets actually financially benefit their state economy and even fewer legislators understand (or at least talk about) the individual rights component of getting government out of business.

While it is wonderful news that Washington state Senator Tim Sheldon wants to privatize the state-run monopoly on liquor sales, his argument comes from the same old place: that privatization would save the state millions and they could still collect plenty of taxes.