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Words Poorly Used #70 — Market

The market is chaotic, therefore adaptive, responsive, communicative, evolving, instantaneously.  The state is the attempt to freeze change, therefore inimical to markets.  The claim is that markets can be stabilized by central planners.  The market, however, is as a river flowing to the sea.  The staying power of markets is the ability to survive change, even intervention.

Kilgore Forelle