3 ms·
Are efficient markets some kind of Nash equilibrium that naturally emerges from bellum omnium contra omnes? If true, it is strange that we need government coer
by rmrfstar 6y ago
Are efficient markets some kind of Nash equilibrium that naturally emerges from bellum omnium contra omnes?
If true, it is strange that we need government coercion to define and enforce property rights. Stranger still that we need government coercion to grant corporate charters to facilitate capital formation. The free market should just handle that.
- seibelj 6y agoIt’s hilarious that I advocate against the government dictating exactly how a business can set prices and when, and you immediately jump to the foundations of private property. I’m not advocating for dissolution of the state - I’m saying we don’t need government agents meddling in all aspects of private business. But it is very sad that statists continue to advocate for ever harsher and more extreme intervention and ludicrous policies.