Today’s exchange between Walter Block and Edmund ends up with Walter writing “We can’t say definitively, at least not as Austrian economists (which I also strive to be), that ‘society’ is worse off when we steal money from the rich and give it to the poor in the form of welfare, as you mention. All we can say is that as a broad empirical judgement, doing this, paradoxically, hurts the poor by making them more dependent.” I do not believe this statement. I believe that we can say that society is worse off when a theft occurs due to a … Continue reading Unlawful Laws Lower, and Free Market Exchanges Raise, Social Utility