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It Seems To Me
Reflections of a nomadic soul

Power

Heather’s Law of Efficient Markets
Musings

Heather’s Law of Efficient Markets

ByHeather 2014-03-252017-01-29

Economists continue to debate the extent to which free markets are truly efficient.

It seems to me that two things are certain:
free markets are remarkably efficient at …
1. accumulating wealth, and
2. consolidating power.

Beyond that, it seems to me that free markets are not that efficient at all.

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Quotes

All Power Corrupts

ByHeather 2009-04-252017-01-16

All power corrupts, but we need the electricity.

— Unknown

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