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sdduuuude
Participant[quote=SDEngineer][quote=bubble_contagion]How about making sure that Government will not interfere or influence the market economy, house prices in particular.[/quote]
Pure market economies are overrated anyway. Without regulation, markets overreact in both directions. We’re currently reaping the rewards of what a highly unregulated market does when the drivers are not rational actors, but real human beings who have a tendency to be greedy and shortsighted.[/quote]
Pure market economies do involve regulation. Regulation has to exist to ensure that fradulent participants are punished, and contractual agreements are being honored. That’s where most people get it wrong. People think a free market is where everyone is free to do what they want and that the participants are required to be perfect citizens. This is dead wrong.
A free market requires that it’s participants are free from others infringing upon their rights, and to do this, transactional rules and regulations are needed.
For example, on critical element of a free market is that of property rights. Property rights must be upheld, and violations of property rights (theft) must be punshed for a free market to remain free. This can be considered a kind of regulation, yet it is a critical part of the free market.
Participant[quote=SDEngineer][quote=bubble_contagion]How about making sure that Government will not interfere or influence the market economy, house prices in particular.[/quote]
Pure market economies are overrated anyway. Without regulation, markets overreact in both directions. We’re currently reaping the rewards of what a highly unregulated market does when the drivers are not rational actors, but real human beings who have a tendency to be greedy and shortsighted.[/quote]
Pure market economies do involve regulation. Regulation has to exist to ensure that fradulent participants are punished, and contractual agreements are being honored. That’s where most people get it wrong. People think a free market is where everyone is free to do what they want and that the participants are required to be perfect citizens. This is dead wrong.
A free market requires that it’s participants are free from others infringing upon their rights, and to do this, transactional rules and regulations are needed.
For example, on critical element of a free market is that of property rights. Property rights must be upheld, and violations of property rights (theft) must be punshed for a free market to remain free. This can be considered a kind of regulation, yet it is a critical part of the free market.
Participant[quote=SDEngineer][quote=bubble_contagion]How about making sure that Government will not interfere or influence the market economy, house prices in particular.[/quote]
Pure market economies are overrated anyway. Without regulation, markets overreact in both directions. We’re currently reaping the rewards of what a highly unregulated market does when the drivers are not rational actors, but real human beings who have a tendency to be greedy and shortsighted.[/quote]
Pure market economies do involve regulation. Regulation has to exist to ensure that fradulent participants are punished, and contractual agreements are being honored. That’s where most people get it wrong. People think a free market is where everyone is free to do what they want and that the participants are required to be perfect citizens. This is dead wrong.
A free market requires that it’s participants are free from others infringing upon their rights, and to do this, transactional rules and regulations are needed.
For example, on critical element of a free market is that of property rights. Property rights must be upheld, and violations of property rights (theft) must be punshed for a free market to remain free. This can be considered a kind of regulation, yet it is a critical part of the free market.
ParticipantI have to admit – my first thought was “Why wait until the dental visit ?”
ParticipantI have to admit – my first thought was “Why wait until the dental visit ?”
ParticipantI have to admit – my first thought was “Why wait until the dental visit ?”
ParticipantI have to admit – my first thought was “Why wait until the dental visit ?”
ParticipantI have to admit – my first thought was “Why wait until the dental visit ?”
ParticipantA good place to buy a new washer/dryer is the sears outlet store off Morena, near Tio Leo’s.
ParticipantA good place to buy a new washer/dryer is the sears outlet store off Morena, near Tio Leo’s.
ParticipantA good place to buy a new washer/dryer is the sears outlet store off Morena, near Tio Leo’s.
ParticipantA good place to buy a new washer/dryer is the sears outlet store off Morena, near Tio Leo’s.
ParticipantA good place to buy a new washer/dryer is the sears outlet store off Morena, near Tio Leo’s.
ParticipantSeems like a gross misunderstanding of the difference between “correlation” and “causality” to me.
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