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Thank you for bringing up "information symmetry." I feel like this is always missing in discussions of free markets and capitalism. To me, information asymmet
by pfranz 7y ago
Thank you for bringing up "information symmetry." I feel like this is always missing in discussions of free markets and capitalism. To me, information asymmetry is what most regulations are trying to address (package labeling, testing, process standards). In areas where consumer/producer already have the same information regulations aren't needed and cause unnecessary problems.