I don't think so. Because the theories about elastic markets and monopolies do have a high 'spherical frictionless cow` smell. And they are posed here as gospel. So while it might be a bit of an ad hominem to frame someone as a 120 year old it does succinctly point out a problem and hence adds information.
The same could be said for people who suggest regulation for every problem that comes up, even for problems that were caused by regulation. Maybe we have our blindspots, but the "regulate everything" crowd is much louder and more prevalent on HN than the free market absolutists.
I mean, has there any empirical evidence disproven any of those base assumptions?
In econ the easiest part is to create a model, the hardest part is seeing it crash against reality. But the basis of monopolies seems to be pretty thoroughly tested. The biggest issues you have now are Chesterton Fence's. Were its hard to know what laws and regulations are therefore safety, parity and economic performance and ones are only creating friction with no benefit due to years of laws being put on top of other laws
> Spoken like a true 120-year who trusts blindly everything he hears online from Rothbard
This ad hominem stuff is genuinely worthless.
I don't think so. Because the theories about elastic markets and monopolies do have a high 'spherical frictionless cow` smell. And they are posed here as gospel. So while it might be a bit of an ad hominem to frame someone as a 120 year old it does succinctly point out a problem and hence adds information.
Things "having a smell" is not an argument, and they weren't posed as gospel.
I've yet to see anyone counter the basic points of that post, because they look pretty solid. Happy if you have a non-vibes based rebuttal.
> And they are posed here as gospel
The same could be said for people who suggest regulation for every problem that comes up, even for problems that were caused by regulation. Maybe we have our blindspots, but the "regulate everything" crowd is much louder and more prevalent on HN than the free market absolutists.
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I mean, has there any empirical evidence disproven any of those base assumptions?
In econ the easiest part is to create a model, the hardest part is seeing it crash against reality. But the basis of monopolies seems to be pretty thoroughly tested. The biggest issues you have now are Chesterton Fence's. Were its hard to know what laws and regulations are therefore safety, parity and economic performance and ones are only creating friction with no benefit due to years of laws being put on top of other laws
> where are the proofs
> I know "chesterton fence", I smart
Went from nice to rude in no time.
4chan greentext style over substance is cute, but its outdated and wasnt that funny a decade ago
if you have nothing to add, then why reply?
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