What I mean is, despite all the attempts at manipulation, in a free market all you need is one person with clarity in an area, and the manipulation attempts of others strike that person as a huge opportunity.
For instance, when Home Depot was started, it was done by two guys who worked for a hardware chain and had an idea for high-volume sales.
No one thought they could be making a profit theire first years–their prices were too low. But of course they were.
Because they had a new business model the others didn’t understand.
Two guys with clarity via the numbers upended an entire products sector. Same with Walmart.
Manip all you want, if you’re a small grocer in a medium-size town and Walmart moves into town, you’re gonna have a bad time
"An aquarium is man made as are financial markets.
They work only if designed correctly in the first place."
Financial markets? What exactly are you referring to when you, for the first time in this thread, introduce ‘financial’ in front of ‘market’. Anenome was referring to markets in general, i.e. ‘free’ markets. Anyhow, markets aren’t designed, by definition there is no ‘designer’ hence it’s ‘free’. I do not accept the equivocation that because man ‘makes’ the market that it is thus designed as such. Man ‘made’ language, but there was no ‘designer’ of the English language.
Logical vs Rational - whats the difference?
Quite a scism between the two concerning AE. I don’t recall Mises ever referring to action as logical except that is given that EVERY action is logical(for the framework of our minds are logical). So when would one use the term rational?
If I stated to you that my goal(end) was to murder my neighbor by way of tickling her for 30 seconds with a feather(means) you might say that that is not a rational method. A rational method would be to point my loaded 9mm at her temple and squeeze the trigger.
I’m just gonna go ahead and say that one always merely make judgements of value on another’s action.
I could go to the 99 cent store and buy my trashbags, dishsoap, sponges, and other household items of that nature for 2 to 3 times cheaper than what I pay for at Ralph’s. So why don’t I go the 99 cent store? Because I value my free time more than the extra 45 minutes it would take once a month to grab those items and save $10. You can call me ‘irrational’ for that - but it doesn’t mean squat.
