Don Boudreaux, Michael Munger, and Russ Roberts on Emergent Order
EconTalk
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The Importance of Understanding Markets
I want to defend regulation. I think you can be in favor of the invisible hand and still favor some kinds of regulation. You're going to have impacts that aren't going to be what you intended, but you're not going to change the fundamental availability of bread if you stick to that. The best argument for a guaranteed income is much better to do that than to try to say put a wage floor on or a minimum wage by tampering with price signals.
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