When I met her, she told me she was going up the mountain to talk to the star that had recently taken up residence there. She didn’t know exactly where it was. Some said it was caught in the branches of the grandmother tree, lighting up the needles with incandescent love. Other reported encountering the [...]
Introit
In a market economy with imperfect and asymmetric information and incomplete markets -- which is to say, every market economy -- the reason that Adam Smith's invisible hand is invisible is that it does not exist. Economies are not efficient on their own.-
