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Social safety net causes deadweight loss. To be clear: I'm not for minimizing deadweight loss because free markets are horrible for humans. Free markets don't
by jampekka 2y ago
Social safety net causes deadweight loss.
To be clear: I'm not for minimizing deadweight loss because free markets are horrible for humans. Free markets don't care about human suffering.
Regulated markets can be OK, but then you shouldn't talk about free markets or deadweight losses.