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Sure markets can be affected by private actors, but I still think "broken" isn't a helpful way to think about market conditions. High and low prices are example
by gwright 7y ago
Sure markets can be affected by private actors, but I still think "broken" isn't a helpful way to think about market conditions. High and low prices are examples of the market working exactly as needed by signaling that there is un-met demand (high prices) or mis-allocated resources (low prices).