@VXXC2014 @Outsideness although markets can be granted far too much explanatory value, and using it for shorthand confuses some
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Replying to @soapjackal
@soapjackal@VXXC2014 The explanatory value of markets is historically and geographically variable.3 replies 0 retweets 1 like -
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Replying to @VXXC2014
@VXXC2014@soapjackal You're being hyperbolic. A market exists wherever there are deals you can walk away from. Still plenty of those.4 replies 0 retweets 1 like -
Replying to @Outsideness
@Outsideness I think@VXXC2014 refers to libertarian-touted "free markets", and means that undistorted price signaling is rare these days?2 replies 0 retweets 1 like -
Replying to @mr_archenemy
@mr_archenemy@Outsideness@VXXC2014 "distorted" price signaling is just a way to price other things into the market!1 reply 0 retweets 1 like -
Replying to @drethelin
@drethelin@Outsideness@VXXC2014 how do you mean?2 replies 0 retweets 0 likes
@mr_archenemy @drethelin @VXXC2014 A weird price is a stimulus, signalling that something demands attention - i.e. an arbitrage opportunity.
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