On Aug 31, 2004, at 3:58 AM, John Forbes wrote:
An odd view, if you don't mind me saying so. A properly-functioning market economy requires lots of buyers, lots of sellers, and "perfect knowledge" so that buyers can make informed decisions. All of which should lead to low prices. Of course that is why the market is full of people trying to subvert these market mechanisms, typically by establishing monopolies (only one seller), or by misleading buyers so that they make uninformed decisions.
It is to counteract these efforts that all sophisticated market economies (including the US) have found it necessary to have loads of regulations. Without them, things would be far worse than they are. Truth in advertising is perhaps an impossible goal, but it is one that we should surely strive for.
John
On Sun, 29 Aug 2004 14:02:26 -0400, Paul Stenquist <[EMAIL PROTECTED]> wrote:
Advertising is the art of knowing what you can get away with it. It has nothing to do with truth. I happen to think that's a good thing.
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