Post
Topic
Board Economics
Re: Is it true that the Fed is privately owned
by
Alpaca John
on 01/06/2013, 16:39:04 UTC
This is a valid point, but in a free market, the same things that would topple a natural monopoly would topple or disintegrate a cartel.

Such as?

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As I said, you have to go through proper channels to get a monopoly in the US.  If you don't, the penalties are harsh. But if you do, the benefits are enormous.

So we agree that the market is currently regulated to avoid monopolies then? (And yes, it is regulated to enforce certain monopolies as well.)

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They need peaceful means of dispute resolution. Such as arbitration.

By whom? How would this work? Elaborate please...

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My point was that the drug market is anything but "unregulated." It's been regulated to death, in fact.

Yeah? Who is doing the regulating in Northern Mexico?

The answer is: nobody. That's the whole point. It's a failed state (in that region).