Markets are good at things that have prices, but certain things cannot have prices. Whenever you have situations where you can’t have prices, it’s not a question of a missing market, it’s that you cannot fundamentally construct this market, and this is when government intervention is required.
Albert Wenger — Markets are good at things that have prices, but certain thi
Markets are good at things that have prices, but certain things cannot have prices. Whenever you have situations where you can’t have prices, it’s not a question of a missing market, it’s that you cannot fundamentally construct this market, and…