Very often libertarians have to be speculative in describing how the voluntary sector might solve this or that problem. Today I talked to Prof. Ed Stringham, author of the forthcoming Private Governance (Oxford University Press), about historical examples of how private institutions have solved problems we often thoughtlessly assume must be dealt with by government. For instance, when U.S. law enforcement proved unable to deal with fraudulent activity on the Internet, PayPal devised its own solution that didn’t rely on government. We also discussed private police in San Francisco — an especially interesting story.

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