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Decentralism vs. Rational Markets
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Carlton Hobbs 2006-08-27 23:00
Exclusive to STR August 28, 2006 Our own Bob Murphy has a recent article attacking, in his hyperbole, 'The dumbest article ever.' The target article by Amanda Taylor is questioning the efficiency of existing food markets. To sum up her article: It should be more efficient to grow food locally than to ship it halfway around the world. Summarizing Murphy's reply: In a free market of identical...