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Thursday 3 November 2011

Our markets are set up to convey price—and only price—to consumers. Because people don’t have full access to relevant information about what they are buying, our markets are broken. There is no reason we need to do things like that. Squashed

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  7. kohenari said: I made a couple of these points to Jeff in a message a few minutes ago, but you’ve articulated some of my thoughts in a clearer way. Thanks for that. Also, on the same subject, Jeff and PoliticalProf are having a back-and-forth that’s worth reading.
  8. shorterexcerpts said: And of course the bleeding-heart Marxist take is that workers wages could rise without the product price rising via cuts to management salaries…maybe.
  9. squashed posted this

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