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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: Moominoid who wrote (7015)8/13/2001 7:51:50 AM
From: PMG  Read Replies (2) of 74559
 
Your use of the word "market failure" may hint that you might be indoctrinated by some economic science "ideology". Good for you that you didn't use terms such as "external effects", "free goods" or even darker alchemy...<G>

ps. New Zealand is a sad example for the effects of brute force deregulation and too naive beliefs in the "invisible hand". The problem is, markets are not always in balance and the outcomes are not always fair and thus sometimes not wanted by society.
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