> The literal textbook prerequisite for efficient market is not just informatuon symmetry, its perfect information.
Please point me to that textbook.
Who says that free markets can do no wrong ever?
(I'm mostly saying that some markets might have some problems, sure. But most of the time most real world regulation dreamt up by real world politicians and implemented by real world civil servants etc is unlikely to improve them.)
Please point me to that textbook.
Who says that free markets can do no wrong ever?
(I'm mostly saying that some markets might have some problems, sure. But most of the time most real world regulation dreamt up by real world politicians and implemented by real world civil servants etc is unlikely to improve them.)