3 ms·
Huh, well I definitely learned something today. As for anti-market biases, I suspect we might disagree on the definition of the phrase 'the market'. Admittedly
by spangry 9y ago
Huh, well I definitely learned something today.
As for anti-market biases, I suspect we might disagree on the definition of the phrase 'the market'. Admittedly, I mentally put the word 'free' in-front of the word 'market' when I hear it used without qualification. I feel like it's the only safe assumption to make.
Otherwise, chances are, the regulated, distorted and interfered with market that I have in my head is very likely different to the one you have in yours. And unless we both explain what we mean exactly when we say 'the market', we're just kinda talking past each other.
- jessaustin 9y agoNo worries dude. It's cool to discuss, even if we don't agree. Markets may not be "free", but they can still function as we'd expect markets to function if there are multiple sellers and buyers. The market for utility bonds is like that, but the market for electricity often is not.
- baq 9y agoUnfortunately the free market is a purely theoretical concept and a model not unlike Newtonian physics - useful, but incorrect.