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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: TigerPaw who wrote (228769)	4/13/2005 12:28:35 AM
From: TimF	Read Replies (1) \| Respond to of 1572159

An individual or small committee can't generally have the wealth of information that the market has. For certain specific things, where the individual has insider information maybe, but for the economy as a whole, or even for sectors of it the individual or the committee will always have less information. Even if they budget for research is large by the time the information reaches the committee of individual things will have changed and the information will not be up to date. The market operates most efficiently if it isn't restricted by some central committee. In terms of decisions for an individual the individual himself knows his personal preferences and what is important to him better then some government regulator or even "the market". In economic transactions the market can learn the overall level of demand better than the individual ever can but I'm talking about the concerns of the individual now, not "overall market demand", and also not all individual concerns can be reasonably expressed in purely market terms. As I said before "the US government, or the government of VA, or of Fairfax County, doesn't have better information about my life and wants and needs than I do, so I am normally more able to make a decisions about my life than they are. Tim