<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Random Thought</title>
	<atom:link href="http://www.roguelazer.com/other/2009/06/random-thought/feed/" rel="self" type="application/rss+xml" />
	<link>http://www.roguelazer.com/other/2009/06/random-thought/</link>
	<description>Musings on computers, tech, politics, music, and more</description>
	<lastBuildDate>Sat, 22 May 2010 03:19:29 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.9.2</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: David</title>
		<link>http://www.roguelazer.com/other/2009/06/random-thought/comment-page-1/#comment-39</link>
		<dc:creator>David</dc:creator>
		<pubDate>Thu, 18 Jun 2009 05:16:16 +0000</pubDate>
		<guid isPermaLink="false">http://www.roguelazer.com/?p=396#comment-39</guid>
		<description>Short answer: http://en.wikipedia.org/wiki/First_fundamental_theorem_of_welfare_economics

Long answer: Because doing unoptimal things is generally bad in the long run, and people aren&#039;t stupid.  Adam Smith talks about it a lot more in The Wealth of Nations, but the general idea is that if you hit the axioms of the free market, anything else doesn&#039;t really make sense.  Now, there are a number of counterarguments, such as basically nothing fulfilling the axioms, and contesting if the mathematically guaranteed result (Pareto efficiency) is as efficient as you can get.  However, the argument is that not only are the results of the free market good, but the framework of freedom of interaction and commerce is a good one to have.</description>
		<content:encoded><![CDATA[<p>Short answer: <a href="http://en.wikipedia.org/wiki/First_fundamental_theorem_of_welfare_economics" rel="nofollow" onclick="pageTracker._trackPageview('/outgoing/en.wikipedia.org/wiki/First_fundamental_theorem_of_welfare_economics?referer=');">http://en.wikipedia.org/wiki/First_fundamental_theorem_of_welfare_economics</a></p>
<p>Long answer: Because doing unoptimal things is generally bad in the long run, and people aren&#8217;t stupid.  Adam Smith talks about it a lot more in The Wealth of Nations, but the general idea is that if you hit the axioms of the free market, anything else doesn&#8217;t really make sense.  Now, there are a number of counterarguments, such as basically nothing fulfilling the axioms, and contesting if the mathematically guaranteed result (Pareto efficiency) is as efficient as you can get.  However, the argument is that not only are the results of the free market good, but the framework of freedom of interaction and commerce is a good one to have.</p>
]]></content:encoded>
	</item>
</channel>
</rss>
<!-- WP Super Cache is installed but broken. The path to wp-cache-phase1.php in wp-content/advanced-cache.php must be fixed! -->