The Physics of Market Forces
There was a discussion on Morning Joe about the faith one should have with regard to market forces which I assume involves such things as 'supply and demand,' 'innovation,' 'competition,' 'resource acquisition,' and other such forces the likes of which few of us who are not economists can fully fathom; however, a university education is often fraught with bias. For as much as it embraces all things scientific, it often fails because the educated experts often can't see the forest for the trees. The fellow who was touting the societal benefits of market forces is probably a Libertarian for not even a Republican wants to unleash businesses unfettered into landscapes of their own making. This fellow, a representative of conservatism comes across as haughty but then, you kind of have to be haughty to defend unbridled market forces. He, naturally, does not address any down side to his position, and that led me to write this blog. One can imagine how m...