The Efficiency of ‘Inefficient’ Free Markets


This small essay encapsulates my philosophy of economics and of government/social interaction as well. There are well-intentioned actions that are made on the assumption that one possesses enough intelligence and wisdom to correctly predict outcomes in a given system.

Those assumptions are almost always either wrong [via HUBRIS] or made not to create something for the common good, but for a selfish political outcome.

Sandy and Bob on the Efficiency of ‘Inefficient’ Free Markets.

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