And because

Off Topic » in reply to Smith also recognized the need for regulation.

And because

BuckGalaxy — 12/22/2022 11:00:02 PM (archived)

it can devolve into monopolies, which skew the free market and prevent it from doing it's job through competition.

The whole thread (75 posts)

What's the big deal about rate hikes? - RobVG - 12/15/2022 12:29:03 AM
- Contrary to popular belief... - ER - 12/15/2022 4:02:04 AM
  - Wow - BuckGalaxy - 12/22/2022 12:40:34 AM
    - podinium - podrock - 12/22/2022 4:34:12 AM
      - podinium is basically worthless - podrock - 12/22/2022 4:49:10 AM
        
        Your point? - BuckGalaxy - 12/22/2022 5:09:08 AM
        
        My point. - podrock - 12/22/2022 5:22:48 AM
        
        If something has no value it's demand is zero, according to the Law of S&D. - BuckGalaxy - 12/22/2022 5:39:02 AM
        
        Value is often an illusion. - podrock - 12/22/2022 9:01:00 PM
        
        One man's treasure is another man's trash - BuckGalaxy - 12/22/2022 10:58:20 PM
        
        Demand can be created, is what I am saying. - podrock - 12/23/2022 1:31:42 AM
        
        and what I'm saying is that doesn't matter - BuckGalaxy - 12/24/2022 1:56:26 AM
        
        Only it does matter - podrock - 12/24/2022 4:59:49 AM
        
        Where you are right - BuckGalaxy - 12/24/2022 7:51:29 AM
        
        Name ANY variable and I'll explain how it fits into eIther supply or demand - BuckGalaxy - 12/24/2022 7:19:38 AM
        
        Greed. Morality. Ponzi schemes. Tax free church collection plates. - podrock - 12/24/2022 8:32:26 PM
        
        epipen cost, etc - BuckGalaxy - 12/25/2022 12:08:32 AM
        
        Here's the thing about the epipen - podrock - 12/25/2022 1:28:52 AM
        
        It's a simplification BUT - BuckGalaxy - 12/24/2022 6:54:21 AM
        
        If value is assigned it exists. - BuckGalaxy - 12/22/2022 5:32:04 AM
        
        Assigned? By whom? - podrock - 12/22/2022 9:03:21 PM
        
        by whoever wants it - BuckGalaxy - 12/22/2022 11:00:37 PM
    - Economics is not physics - ER - 12/22/2022 3:19:56 AM
    - In your defense - BuckGalaxy - 12/22/2022 3:05:57 AM
      - We've covered this before, but you refused to accept it. - ER - 12/22/2022 3:36:54 AM
        
        As for ice cream... - BuckGalaxy - 12/22/2022 5:48:05 AM
        
        You get it right? - BuckGalaxy - 12/22/2022 6:20:07 AM
        
        Sorry if I'm coming across as a dick - BuckGalaxy - 12/22/2022 5:10:14 PM
        
        No offense taken. I'm having fun. - ER - 12/22/2022 5:36:01 PM
        
        Free market fundamentalists... - BuckGalaxy - 12/22/2022 5:50:49 PM
        
        Now you're making sense. - ER - 12/22/2022 5:52:39 PM
        
        No - BuckGalaxy - 12/22/2022 6:02:47 PM
        
        "Naturally move to where demand wants them" - podrock - 12/22/2022 8:45:39 PM
        
        Please research this - BuckGalaxy - 12/22/2022 11:10:09 PM
        
        Example: Pet Rocks. - podrock - 12/23/2022 2:45:35 AM
        
        The reason they want it is irrelevant. - BuckGalaxy - 12/24/2022 1:45:43 AM
        
        Goods do not naturally flow to demand. - podrock - 12/23/2022 1:30:49 AM
        
        That's like saying water doesn't flow downhill - BuckGalaxy - 12/24/2022 1:39:29 AM
        
        Have you ever read "Cryptonomicon" by Stephenson? - podrock - 12/24/2022 9:47:12 PM
        
        The biggest disruption - ER - 12/22/2022 6:10:14 PM
        
        Human desires are part of natural law - BuckGalaxy - 12/22/2022 6:17:05 PM
        
        Smith also recognized the need for regulation. - podrock - 12/22/2022 9:06:35 PM
        
        And because - BuckGalaxy - 12/22/2022 11:00:02 PM
        
        Devolve? - podrock - 12/23/2022 1:34:22 AM
        
        A true free market fundamentalist... - BuckGalaxy - 12/24/2022 1:55:16 AM
        
        PS: We don't have money. We have currency. - podrock - 12/24/2022 10:24:27 PM
        
        I did read a college economic textbook once. - ER - 12/22/2022 5:40:41 PM
        
        Marxism is a system to change outcomes - BuckGalaxy - 12/22/2022 5:56:07 PM
        
        Your idea of what Marxism is - ER - 12/22/2022 6:05:35 PM
        
        I took political economy in my Senior year from a marxist - BuckGalaxy - 12/22/2022 7:58:23 PM
        
        Look around you - BuckGalaxy - 12/22/2022 8:06:23 PM
        
        Don't get misty on us, Buck. - ER - 12/22/2022 9:16:51 PM
        
        Any sensible person believes Capitalism needs rules - BuckGalaxy - 12/22/2022 10:54:36 PM
        
        Did your Marxist professor tell you about the Anarchists? - ER - 12/22/2022 9:58:44 PM
        
        Once again. - BuckGalaxy - 12/22/2022 10:50:50 PM
        
        100% - podrock - 12/22/2022 9:24:05 PM
        
        OMFG this is frustrating - BuckGalaxy - 12/22/2022 5:28:46 AM
        
        Yes, it is. - podrock - 12/22/2022 9:21:38 PM
        
        sigh - BuckGalaxy - 12/22/2022 11:15:23 PM
        
        Its frustrating because we're talking about two different things. - ER - 12/22/2022 5:30:21 PM
        
        We're getting somewhere - BuckGalaxy - 12/22/2022 11:27:27 PM
        
        No, what I'm saying is... - ER - 12/23/2022 1:48:51 AM
        
        Honestly - BuckGalaxy - 12/24/2022 6:28:44 AM
        
        I withdraw my emoji. - ER - 12/24/2022 1:25:51 PM
        
        S&D and Human Behavior - BuckGalaxy - 12/24/2022 7:55:55 PM
        
        And a happy season to you too. - podrock - 12/24/2022 10:03:24 PM
        
        Likewise brother! - BuckGalaxy - 12/25/2022 12:16:53 AM
        
        Business ethics is an oxymoron. - ER - 12/24/2022 8:16:09 PM
        
        Corporate Philanthropy - BuckGalaxy - 12/24/2022 11:33:35 PM
        
        Its all about public relations and misdirection. - ER - 12/25/2022 12:31:50 AM
        
        (nicely played, by the way, given the day.) - podrock - 12/25/2022 2:09:20 AM
        
        And tax breaks. - podrock - 12/25/2022 1:41:45 AM
        
        "you are terrified I might be right" - BuckGalaxy - 12/24/2022 2:07:54 AM
        
        Star's burning hydrogen - BuckGalaxy - 12/22/2022 6:02:04 AM
- 1980 - podrock - 12/15/2022 1:16:29 AM

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