[104088] in Cypherpunks
Re: Another potential flaw in current economic theory... (fwd)
daemon@ATHENA.MIT.EDU (Jim Choate)
Fri Oct 9 01:25:13 1998
From: Jim Choate <ravage@EINSTEIN.ssz.com>
To: cypherpunks@EINSTEIN.ssz.com (Cypherpunks Distributed Remailer)
Date: Fri, 9 Oct 1998 00:11:48 -0500 (CDT)
Reply-To: Jim Choate <ravage@EINSTEIN.ssz.com>
Forwarded message:
> Date: Thu, 08 Oct 1998 21:13:04 -0700
> From: Bill Stewart <bill.stewart@pobox.com>
> Subject: Re: Another potential flaw in current economic theory... (fwd)
> Choate, who's never tried large-scale free markets, says that
Actualy it's how I make my living, supporting those large scale markets (I
won't argue the free part).
> free markets don't work, and lead inevitably to monopoly,
> and therefore we ought to use governments monopolies on force to prevent
Where do I *ever* say we need 'government' monopolies. Not once, not ever.
I have said, and stand by it now, that what is needed is an *impartial* 3rd
party. That does *NOT* equate to 'the government'.
What is important to my thesis is that the regulator is impartial.
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