Monopoly — a very costly game.
Chris Leeson

The most effective regulation of any and all markets is competition itself, not government regulation. What government regulation means is regulation by bureaucrats and “experts” who somehow know and understand the billions of complex interactions of a free market that even the most advanced supercomputers can’t even keep track of. As Friedrich Hayek persuasively argues, government regulation of free markets is “The Road To Serfdom.”

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