We rarely seem to discuss the most basic kind of market failure: insufficient liquidity. Just not enough buyers and/or sellers to make a market. Any good writings exploring this, preferably essays over books?
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Replying to @sonyasupposedly @sonyaellenmann
It is if free market ideologues are saying “let the market handle it” and avoiding non market proposals while stuff is getting damaged or destroyed. Ie by the time people demand action (in both senses of the word) it’s too late
6:52 PM - 8 Mar 2018
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