3 ms·
Yes it is corrupted by government regulations and interference that have distorted the pricing effect that makes markets work. These are basic economic principl
by curt 15y ago
Yes it is corrupted by government regulations and interference that have distorted the pricing effect that makes markets work. These are basic economic principles. The problem is people don't understand the pricing effect. When you do it's obvious why problems such as health care exist or why increasing tax rate doesn't increase revenue (Hauser's Law, tax revenue is 18% of GDP no matter what tax rates are).
- jshen 15y ago"tax revenue is 18% of GDP no matter what tax rates are" Not really. http://www.angrybearblog.com/2010/11/hausers-law-is-extremely-misleading.html http://www.angrybearblog.com/2010/11/hausers-law-is-extremel... "it is corrupted by government regulation" It is corrupted by people. If we had no government it would still be corruptible. "These are basic economic principles." Like if I have a bigger gun than you, I get the rewards? Oh, you mean principles that we agree to in the form of government? Principles which are arbitrary and chosen by humans and vary from market to market! Yes, those "principles".