You can login if you already have an account or register by clicking the button below.
Registering is free and all you need is a username and password. We never ask you for your e-mail.
[+]umilmi810 points0 points0 points
ago
(edited ago)
[–]umilmi810 points
0 points
0 points
(+0|-0)
ago
(edited ago)
False. The free market does not assume perfectly rational actors. In fact the reason that free markets have out performed managed markets in every instance over the past 3,000 years is because free markets are ideal at operating in low information and slow information environments. The best centrally managed market will still under perform compared to any variation of a free market.
view the rest of the comments →
[–] umilmi81 ago (edited ago)
False. The free market does not assume perfectly rational actors. In fact the reason that free markets have out performed managed markets in every instance over the past 3,000 years is because free markets are ideal at operating in low information and slow information environments. The best centrally managed market will still under perform compared to any variation of a free market.
That has been proven over and over again.