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In an ideal world, society would compensate you when they would like you to assume a risk below its market price, rather than forcing you to pretend not to noti
by erik_seaberg 9y ago
In an ideal world, society would compensate you when they would like you to assume a risk below its market price, rather than forcing you to pretend not to notice the risk.
- joshuamorton 9y agoBut there isn't actually a risk associated with an Adolf. Its an inefficiency born out of an incorrect belief by the whole of (or at least most of) society. The correct solution is not to price in the incorrect assumption, but to not make the incorrect assumption. In other words, by offering Adolf's below-market rates, you're exploiting a market inefficiency at no additional risk. This is an ideal world as you describe it. It's capitalism at it's finest!