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What sort of definition of efficiency are you operating with? A system is not efficient if billions of dollars are "evaporating" out of the system. Yes, the pa
by plagiarist 2y ago
What sort of definition of efficiency are you operating with? A system is not efficient if billions of dollars are "evaporating" out of the system.
Yes, the participants of those markets are various degrees of willingness. No, I do not agree that makes them efficient.
- mindslight 2y agoComputational complexity theorists hate this one simple trick! NP hard is a lie! You just have to assert that a given problem has been optimally computed. We all know that physics obeys the whims of politics. </s> It's especially ironic because if markets actually worked the way the "free market" dogma supposes they do, central planning would also work.