Hello Skot,

Thank you for your comment and sorry for my delayed response, I was traveling last week. Adam Smith is actually where I borrowed the idea of information asymmetry from, and that served as one of the points I made in this article. I did not mention Adam Smith because I am loathe to mention any philosopher whose ideas are 250+ years old. In some cases, a commenter is discussing something perennial. But in most cases I am a believer in the powers of human ingenuity, and neural plasticity. That is, that which we call 'hard wired' and 'human nature' often are not. Instead, they are cultural phenomena that are inculcated through socialization, and hence are frequently confused for 'hard wiring.' That is one of the reasons I feel it is okay to criticize markets. It isn't that I think we should abandon them, it is that I think we might be able to improve upon them.

Yours, in service,

Jason