Government Accuses Markets Of Inefficiency, While Burning Money

One of the most painful parts of the Obamasnare campaign (an area with lots of competition for first place) was Obama claiming that that the market was not efficient. It needed to be updated. All medical records needed to be digitized (the NSA completely approved of that idea), etc. Because information is imperfect, and for other reasons, it is completely possible to find inefficiencies in the market. But fixing those problems is often difficult. Those who do it successfully are commonly called Read more […]