The deficit and the tragedy of the commons

posted by
August 25, 2011
A Passion for Liberty
by Tibor R. Machan  
Posted in Commentary

"Everyone knows that a problem exists with common ownership but no one can do anything about it without changing what is commonly owned to private property. The political will and savvy to achieve the solution is, of course, lagging far behind the analysis that identified the solution. Still, in this area, at least, such identification has occurred. What has not been widely noticed is that a tragedy of the commons exists, as well, in our national treasury." (originally published 2004; posted 08/25/11)  

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