3 ms·
>> letting prices be naturally determined This only works in economics textbooks. Economic actors never have perfect knowledge is another example. I think mo
by lifeguard 14y ago
>> letting prices be naturally determined
This only works in economics textbooks. Economic actors never have perfect knowledge is another example.
I think most of these benchmarks are chosen out of expediency at the time, then they become entrenched. The use of the Dollar for oil transactions might be another example.