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It Seems to Me…

… that a very large portion of complaints about market processes and ‘outcomes’ are nothing more than either reflections of ignorance of the inescapability of trade-offs, or are self-centered gripings that humanity doesn’t make all trade-offs in precisely the manner that the complainers would prefer.

Some of these complaints are expressed simply. Others come encrusted in elaborate academese. But a surprisingly high number of them are as I describe above.

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