Page A14: Joel Freeman wrote his letter to the editor:
"The theory of the free market, as taught in any Economicis 101 course includes underlying assumption too frequently forgotten. Basic among them is the notion of "perfect information" for buyers and sellers.
The transparency and information provided by the proposed exchanges would thus enhance the free market."
Such thought may be relevant to the American economy and China's economy as well since both nations are under the market system as known.
Francis Shieh a.k.a. Xie Shihao, a lifelong learner of economics since 1943 on Saturday,October 17, 2009 at 8.22 p.m.
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