I really think one of the biggest blindspots of the (generally well-intentioned, smart) crowd at HN is lack of appreciation of economics and markets, and the be

I really think one of the biggest blindspots of the (generally well-intentioned, smart) crowd at HN is lack of appreciation of economics and markets, and the belief that tinkering with these markets for the better is as simple as turning a dial on a knob (or passing a law, or getting a good ruling in a court case). Good article with related thoughts on this: http://www.econlib.org/library/Columns/y2005/Robertsmarkets.html http://www.econlib.org/library/Columns/y2005/Robertsmarkets....