Economics Questions

Re: Does Some Regulation Make Markets More Efficient?

wilderness — Sat, 06 Mar 2010 02:41:31 GMT

Jackson LaRose:
McDuffie:
No. There can only be one.

Like the Highlander?

*chuckle*

Substitute MacLeod with Ron Paul

and that's not an industrial room but inside the Congressional building

But who's that woman?

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Re: Does Some Regulation Make Markets More Efficient?

Jackson LaRose — Fri, 05 Mar 2010 18:49:14 GMT

McDuffie:
No. There can only be one.

Like the Highlander?

Re: Does Some Regulation Make Markets More Efficient?

McDuffie — Fri, 05 Mar 2010 18:39:13 GMT

DD5:
Ron Paul is a software bug in the system. That's 1. Do you have any more?

No. There can only be one.

Re: Does Some Regulation Make Markets More Efficient?

Jackson LaRose — Fri, 05 Mar 2010 18:34:22 GMT

ngoldovsky:
Given that you would have no restrictions on where you could live.

Without a state, I'm not sure where this restriction would originate from.

ngoldovsky:
You would be able to choose freely your own social arrangement.

Yep.

Re: Does Some Regulation Make Markets More Efficient?

Jon Irenicus — Fri, 05 Mar 2010 18:17:32 GMT

Basically through this argument you come full circle to create institutions that impose their will onto others. Instead of calling them governing agencies they will be "consumer insurance agencies". For profit industry will still create inefficiencies by attempting to create a situation favorable to them. E.G the oil industry attempting to continue oil dependence in the world.

They won't have the right to impose their will on non-consenting individuals, no.

Re: Does Some Regulation Make Markets More Efficient?

Jackson LaRose — Fri, 05 Mar 2010 18:15:01 GMT

DD5:
Ron Paul is a software bug in the system. That's 1. Do you have any more?

Not yet, but I don't have any flowers in my garden yet either. The weather is starting to warm up though...

Peter Schiff

Rand Paul

Of course, you have to plant flowers first before they can grow (nudge,nudge, Mr. Voting is wrong)

Re: Does Some Regulation Make Markets More Efficient?

DD5 — Fri, 05 Mar 2010 18:09:52 GMT

McDuffie:

DD5:
How many Republicans in Congress today would support the elimination of the FDA? How about seatbelt mandates?

This one, perhaps?

Ron Paul is a software bug in the system. That's 1. Do you have any more?

Re: Does Some Regulation Make Markets More Efficient?

ngoldovsky — Fri, 05 Mar 2010 18:06:36 GMT

Given that you would have no restrictions on where you could live. You would be able to choose freely your own social arrangement.

Re: Does Some Regulation Make Markets More Efficient?

Jackson LaRose — Fri, 05 Mar 2010 17:38:17 GMT

ngoldovsky:
Is it just me or do socialists and capitalists in their quest for a utopian socialized/capitalistic economy advocate the exact same thing using different terminology.?

The difference is the voluntary aspect of the capitalist proposals. Even though it may be next to impossible to do any business without insurance in the ancap ideal, you still have the option off opting out of exchange, and surviving via subsistence and localized barter, which is all I'd really like to do anyways.

Re: Does Some Regulation Make Markets More Efficient?

McDuffie — Fri, 05 Mar 2010 17:20:30 GMT

DD5:
How many Republicans in Congress today would support the elimination of the FDA? How about seatbelt mandates?

This one, perhaps?

Re: Does Some Regulation Make Markets More Efficient?

ngoldovsky — Fri, 05 Mar 2010 17:05:57 GMT

Basically through this argument you come full circle to create institutions that impose their will onto others. Instead of calling them governing agencies they will be "consumer insurance agencies". For profit industry will still create inefficiencies by attempting to create a situation favorable to them. E.G the oil industry attempting to continue oil dependence in the world.

Is it just me or do socialists and capitalists in their quest for a utopian socialized/capitalistic economy advocate the exact same thing using different terminology.?

Re: Does Some Regulation Make Markets More Efficient?

Jackson LaRose — Fri, 05 Mar 2010 16:36:21 GMT

bobbyveech:
Bob Murphy's take in Chaos Theory is that product safety would be taken care of via contracts and insurance.

Would that make things more expensive than they currently are?

Re: Does Some Regulation Make Markets More Efficient?

bobbyveech — Fri, 05 Mar 2010 16:13:45 GMT

Bob Murphy's take in Chaos Theory is that product safety would be taken care of via contracts and insurance.

If I wanted to be sure that the airline I was flying on was safe, I would make sure that when I buy a ticket, I also get a contractual pledge from the airline that if I die because of a plane crash, the airline must pay my family $y million dollars.

Insurance companies would have to underwrite these pledges, so they would require strict safety standards.

Re: Does Some Regulation Make Markets More Efficient?

Jackson LaRose — Thu, 04 Mar 2010 21:58:46 GMT

Caley McKibbin:
One of those mystical parabolas.

Yep, much like the economy of scale. In the end we both agreed that what I was proposing was unprecedented, and we agreed that it may be possible for the market to completely self regulate, but we just don't know.

Re: Does Some Regulation Make Markets More Efficient?

Caley McKibbin — Thu, 04 Mar 2010 21:45:56 GMT

Jackson LaRose:
He conceded that at some point too much regulation would be a bad thing, but some should exist.

One of those mystical parabolas.