It's the same answer. The idea is that the free market acts out its own price-discovery mechanism and assets are valued in relation to what speculators / invest

It's the same answer. The idea is that the free market acts out its own price-discovery mechanism and assets are valued in relation to what speculators / investors are willing to pay for them. This is an interesting segway into auction theory and Dutch vs English auctions in particular, if you are interested: https://mikebrandlyauctioneer.wordpress.com/2012/07/29/english-auction-versus-sealed-bid-and-dutch-auctions/ https://mikebrandlyauctioneer.wordpress.com/2012/07/29/engli...