Has anyone ever tried to measure the speed of the free market, compare it to the speed of other solution mechanisms like central planning?
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..but I don't know of any empirical studies of actual speeds in reasonably comparable situations.
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@vgr just try to push your project through intracorporate committee vs just do a startup
End of conversation
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@vgr Define “speed” in this context.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@vgr government price setting is slow compared to HFT, for example. Fed funds rate changes monthly, bank rates daily.Thanks. Twitter will use this to make your timeline better. UndoUndo
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