If I demand your stuff, how will supply/demand curves resolve this?


If the anticipated loss value of me punching you in the face is greater than the value of your stuff, you will gladly give it to me and consider it a market success.


If the anticipated loss is lower, but poorly estimated, you will have no stuff and a broken face. But again, this is a market success as this greater loss will give you incentive to become a better estimator in the future and by improving your own capital (knowledge) you will have better outcomes in the future. Market success!


In the long run this will cause you to bring fewer goods into the market place to reduce your losses every time I come around. Prices will rise and the value of going to the market to exchange goods/services is lower for purchasers since prices are higher and fewer goods are available. So we have higher prices, lower profit margins, fewer transactions and more sub-optimal trades/exchanges. Everyone is a little poorer and a little less happy (except for me). The reduced liklihood of optimal trades makes working less attractive and some people reduce their workload slowing overall growth.


FREE MARKET MAGIC!


While a police force would alter some of these market outcomes for the betterment of producers and consumers....it also represents hell.

This does seem to be an economic challenge that has grown dramatically in recent decades.

 

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I'm sure that the simple fix to this problem became a complicated government fix along the way. All people needed to do was take the doors off of discared ones and/or teach their children not to go inside one. Sad that children died. I almost lost several friends when they pulled an open trunk of a car on them. They were found after a few hours, thank god. Even today people die over simple things that no one tought would be a problem. People forget what it was like when they were kids. I had to find that out over time because I do remmeber. I though that just because I remember that everyone did.

Kids do stupit things and need to be watched and taught. The last thing we need is some stupid liberal using this as an example of how great our government is.

I had a mother and father to boss me around (and now a wife). I don't need the government to pile on as well.

 

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Our Government also killed a bunch of Nazis. I say between killing Nazis and saving kids from refigerators our government is pretty damn cool.

 

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Very convincing argument.