3 ms·
> coercion yup, puts them way over the bar here. But there's a meaningful distinction between posting transactions, and recommending prices for new transactio
by kristjansson 3y ago
> coercion
yup, puts them way over the bar here.
But there's a meaningful distinction between posting transactions, and recommending prices for new transactions. A public market does the former, but relies on participants to ultimately set prices. The latter is probably fine too, iff the prices represent some good-faith estimate of a 'fair' market price. However, recommending systematically inflated prices with the intention of raising the price level globally is probably price-fixing on its own, even if there's no coercive element.