By John Kell
While a friend and I were talking about gun control, he remarked that it didn’t matter to him if restrictions were placed on gun ownership because he didn’t own a gun. What he failed to realize was that he benefits from civilian gun ownership whether he owns guns or not. He benefits because the ownership of guns by civilians has positive externalities.
Externalities are unpaid-for effects that accrue to third parties from the use of property by its owners.
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