One of the great acts of human creativity has been to convince the masses that if you install a bunch of middlemen who are looking to profit, goods and services will be cheaper and better.
I think part of the success of this message is that it’s so obviously silly that people feel silly questioning it.
for liquid markets, the evidence for this is quite good.
i think it is beyond clear that some of you all have never worked in federal government to have such a rosy outlook