tw25506007

3 ms·

1. 1.▲
   by tw25506007 6y ago

   Indeed, individually your preferences can lead you to make choices that are different from the aggregate, and in so doing your choices marginally contribute to what emerges. Sort of like considering a market price too high, thus not buying.
2. 2.▲
   by tw25506007 6y ago

   The phenomenon you describe isn't "communism", nor is it recent. Private interests have long tried to use the unique power of the state to shield themselves from market forces. Unfortunately, the people have not only abetted
3. 3.▲
   by tw25506007 6y ago

   > what you describe is the behavior of your classmates, not the purpose of the system While the GP used the word "purpose", thus prompting your is-ought comment, knowing Caplan, I suspect it was inaccurate. Economics is large