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Markets are the best mechanism ever invented to resolve that challenge to maximum aggregate benefit.
by twoodfin 11mo ago
Markets are the best mechanism ever invented to resolve that challenge to maximum aggregate benefit.
- acdha 11mo agoThere’s an entire academic field studying ways in which it’s not that simple. Housing, employment, and transportation are somewhat famously areas where markets need help due to information and power disparities.
- standardUser 11mo agoTrue, but to prevent those restaurants from hiring children, feeding us poison, and dodging all taxes the market must be regulated. And we're back to the same discussion we've been having for 150 years - how do we best regulate markets.
- venturecruelty 11mo agoCan't wait for the glorious day when Big Macs are $100 because the Market has willed it. Verily, I say unto thee, for mine eyes have beheld the Market's glory, thou art blessed to pay $100 for a Big Mac, and thou ought to bend thy knee and worship at the feet of the Market, for it is all-knowing, and all-powerful, and perfect. Selah.