|
|
 Originally Posted by wufwugy
We're not discussing empiricism. We're discussing economics, which is models of logic and math based on desires and constraints.
There is NO conclusive empirical evidence for any position on any of this.
If there is no conclusive empirical evidence about any of those things by now, it would mean that both regulations and lack of regulations have no measurable effect. So how could you have a strong opinion either way?
Originally Posted by wufwugy
We end up talking about two vastly different things. You're discussing things that happen in isolated circumstances and posit cherry picked ones as conclusive evidence. I'm discussing comprehensive economic theory about what happens across all relevant domains.
Those weren't cherry picked. Those were examples of the market being unsuccessful in self regulating. How do you account for the market not self regulating in those cases?
|
Reply With Quote