3 ms·
Not at all. Even without minimum wage or low income subsidies, there would be things like price stickiness. This widespread assertion that markets are somehow f
by mindslight 3y ago
Not at all. Even without minimum wage or low income subsidies, there would be things like price stickiness. This widespread assertion that markets are somehow fully efficient is essentially a piece of misguided faith. If it were true, it's likely that P would be equivalent to NP and central planning would actually work.