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Indeed, many people seem to think the market solves all problems. In a sense it does, but only in a very specific sense. Like, if we there was some loophole in
by tgv 3y ago
Indeed, many people seem to think the market solves all problems. In a sense it does, but only in a very specific sense. Like, if we there was some loophole in the law that allowed killing people with a pistol, the market would respond by making bullet-proof vests expensive, and by producing cheap, but bad protection vests. And guns, of course. It wouldn't solve the killing, but it would solve the question "how much can you spend to protect your life"? Perhaps it would make food cheaper. The market is a sick joke.
In this case, the free market can solve the problem: how high can the electricity price go, or how many power outages can there be, until people are sick and tired of this Bitcoin bullshit?
- titzer 3y agoI have found that HN sentiment (not just in the case of my comment above) does not suffer criticism of markets well.