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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Art Bechhoefer who wrote (102183)5/14/2001 10:07:03 PM
From: Don Lloyd  Read Replies (1) of 436258
 
Art -

...A free market also requires low cost, timely access to information, so that all the prices and factors driving prices are known to all buyers and sellers....

I'm afraid you've got it backwards. These are things that a central planner needs and will never possess. Everything needed by a free market driven by profit and loss is encapsulated in the price signal.

Regards, Don
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