I didn't say the free market can do no wrong. I just said that when someone in it does wrong, the rest of the market adjusts around it, and it will get fixed eventually.
So if the market fixes its own problems, in the long run it does no wrong. Got it.
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Re: Note to the economically ignorant:
Date: 3/10/11 01:30 (UTC)I didn't say the free market can do no wrong. I just said that when someone in it does wrong, the rest of the market adjusts around it, and it will get fixed eventually.
So if the market fixes its own problems, in the long run it does no wrong. Got it.