>These two facts are not connected at all. There's no reason to assume the market cannot work or reliably find the "most productive" uses of capital in the aggr

>These two facts are not connected at all. There's no reason to assume the market cannot work or reliably find the "most productive" uses of capital in the aggregate. Right, but just because it works "in the aggregate" doesn't mean that's how things work "should" work. I'm sure the road network would still muddle on if we allowed drunk drivers to drive, but we still ban them from driving. The article isn't even arguing for government intervention; it's just describing how things plays out naturally.