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Right. Not only is it not allowed to function. it simply would devolve into a non-free market anyway. Some markets reach their equilibrium point and do not resp
by icelancer 12y ago
Right. Not only is it not allowed to function. it simply would devolve into a non-free market anyway. Some markets reach their equilibrium point and do not respect "rationality." Behavioral economics is an entire branch of study that is dedicated to analyzing the discrepancies, and one that libertarians should do well to pay attention to rather than quote maxims.