3 ms·
> And no, markets don't do that nearly as well as you might think Markets depend on Good information To function well. Market participants can distort the inf
by state_less 6y ago
> And no, markets don't do that nearly as well as you might think
Markets depend on Good information To function well. Market participants can distort the information in the market for profit. In so far as this profiteering can be maintained, markets won’t function so well.
Some conjecture that might not be too far off the mark.
- lifeisstillgood 6y agoMy gut feel (yeah I know) is modern day free markets are at best 80% free and usually around 50. From structural inefficiencies to unintended regulation effects, things rarely work the way the Topsy and Tim description says.