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> And I severely doubt more than 5% of the planet cares about whether "in the end we all get more accurately priced securities." Accurately priced securities a
by dcolkitt 7y ago
> And I severely doubt more than 5% of the planet cares about whether "in the end we all get more accurately priced securities."
Accurately priced securities are like a responsive public health system or redundancy in the electricity grid. Almost nobody cares about these things directly.
Yet virtually everybody enjoys the enormous gains in material living standards that are facilitated by having these things in place.
- isoskeles 7y agoI agree, I just know they don't care and that this sort of statement is unconvincing to people who don't already believe in markets. If you haven't noticed, there are many.