Didn’t phrase this quite right. Don’t mean to pose a tautology as a failure. More like a ‘tragedy of liquidity’ or something.
Demand emerging too late or too rarely for example but being acute and impossible to meet when it does.
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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?

