. @JonahDispatch, I appreciated your remarks on common-good conservative policy proposals on your podcast. But I worry you’ve missed the mark. You point to Hayek’s arguments about the informational role of markets. But not every policy intervention has a 1/

“knowledge problem.” Usually economists worry about knowledge problems when the justification for policy is allocating resources *more efficiently than the market.* But if efficiency is not your goal, as in various redistributive schemes, then there aren’t true 2/

knowledge problems. There may be other informational difficulties associated with promoting unionization, protective tariffs, etc. But these aren’t what Hayek or Hayekians mean when they talk about *the* knowledge problem. 3/

Again, nothing about this means common-good conservatives policy proposals are feasible or prudent. I am skeptical of many of them myself. It just means that the specifically Hayekian arguments about information and markets aren’t really a defeater for these arguments. 4/

You’ve read CoL, so you know that Hayek’s brand of liberalism is compatible with many interventions into markets on e.g. egalitarian grounds. No knowledge problems with these policies. I’m with you on the value of liberal democratic capitalism. But I worry that people 5/

on our side push the arguments farther than they really go. I think we have stronger arguments against common-good conservative policy proposals on incentive grounds, instead of informational grounds. 6/6 fin @DavidAFrench @CorieWhalen @AStuttaford @justinamash @kvallier