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Date: Thu, 08 Oct 1998 21:13:04 -0700 From: Bill Stewart <bill.stewart@pobox.com> Subject: Re: Another potential flaw in current economic theory... (fwd)

Choate, who's never tried large-scale free markets, says that

Actualy it's how I make my living, supporting those large scale markets (I won't argue the free part).

free markets don't work, and lead inevitably to monopoly, and therefore we ought to use governments monopolies on force to prevent

Where do I *ever* say we need 'government' monopolies. Not once, not ever. I have said, and stand by it now, that what is needed is an *impartial* 3rd party. That does *NOT* equate to 'the government'. What is important to my thesis is that the regulator is impartial. ____________________________________________________________________ To know what is right and not to do it is the worst cowardice. Confucius The Armadillo Group ,::////;::-. James Choate Austin, Tx /:'///// ``::>/|/ ravage@ssz.com www.ssz.com .', |||| `/( e\ 512-451-7087 -====~~mm-'`-```-mm --'- --------------------------------------------------------------------