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If lower prices were good per se, then markets for Lemons would not occur[1]. The mixture of downward pricing pressure, asymmetric information and arbitrage ca
by guiriduro 9y ago
If lower prices were good per se, then markets for Lemons would not occur[1]. The mixture of downward pricing pressure, asymmetric information and arbitrage can lead to a state of affairs which is distinctly bad (and arguably morally bad too) for an economy.
[1] https://en.wikipedia.org/wiki/The_Market_for_Lemons https://en.wikipedia.org/wiki/The_Market_for_Lemons