On Thu, 28 Sep 2000, Sampo A Syreeni wrote:
Aren't you applying this principle rather liberally? I thought it was meant to apply to factors participating directly in price formation, nothing else.
No, I am applying it quite literaly to the actors in the market. It was meant to apply to the market and its consituents in toto. You really should go back and read what Hayek (and Von Mises, etc.) really said about competition and free markets. The facts have been seriously mis-represented. The requirement is meant to relate to ANY factor in the market that interacts with the participants and the exchange (not the particular price for that particular exchange). ____________________________________________________________________ He is able who thinks he is able. Buddha The Armadillo Group ,::////;::-. James Choate Austin, Tx /:'///// ``::>/|/ ravage@ssz.com www.ssz.com .', |||| `/( e\ 512-451-7087 -====~~mm-'`-```-mm --'- --------------------------------------------------------------------