Time is a price we have to pay. By which you mean that time is a price you think we ought to pay. I mean, we do actually have options. Because the alternative

Time is a price we have to pay. By which you mean that time is a price you think we ought to pay. I mean, we do actually have options. Because the alternative, govt intervention, in the long term is much more expensive: it corrupts the market and impedes the natural mechanisms from working. Interventions beget interventions. I struggle to come up with any example anywhere, where this is true. This leads to heavily regulated markets, where the biggest players buy themselves monopolies I don’t see how that follows from your previous paragraph. But never mind, I get what you are trying to say, and I agree that there are plenty of examples all over the world of regulation that has the effect you describe. Sometimes simply because it’s bad regulation. But other times because it’s a worthwhile trade off. I bet you don’t mind the pharmaceutical industry being regulated. Or how about the aircraft industry. Even taxi medallions serve(d) a purpose.