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> e-reading, I realized that I should have said "artificial" rather than government created. There are many ways to catch mice, and it's worth varying more than
by madhadron 9y ago
> e-reading, I realized that I should have said "artificial" rather than government created. There are many ways to catch mice, and it's worth varying more than just the colour of the cat.
All markets are artificial. You can't have any kind of market without some enforcement of the rules that make it a market. Otherwise it degenerates into a free market, which, despite its name, is not a market.
- kazagistar 9y agoAll markets are artificial because enforcement of property allocations is an artificial, market creating action. But none of this is relevant to the point of the GP, which is that a realistic policy decision involves making existing artificial markets incremental better in the short term.