How #LCD_Soundsystem Reveals the Evil of #Deregulation | Death and Taxes
►http://www.deathandtaxesmag.com/54429/how-lcd-soundsystem-reveals-the-evil-of-deregulation
The “efficient-market hypothesis” says that in this free-market ticket ecosystem, the price of LCD Soundsystem tickets will be determined perfectly by demand. Without regulations to get in the way, the market will move the price of tickets precisely in line with their value—no more, no less (…)
This is essentially the same problem plaguing the financial system and the banking industry. Beginning with Reagan and culminating with Clinton, U.S. financial policy has systematically discarded the regulations that were put in place after the Great Depression to keep markets in line with the interest of people.