You've attached extra semantics to X and Y that were not in the original post. I do not apologize for failing to guess what you would read those variables as.
I acknowledge the value of government in tweaking the market values of some things; I'm only a little-l libertarian. However, as an engineer, I observe that in order to do that successfully, you have to start with a correct understanding of how the market works, dynamically, not just statically. Getting emotional about valuations the market gives is not a good start.
I acknowledge the value of government in tweaking the market values of some things; I'm only a little-l libertarian. However, as an engineer, I observe that in order to do that successfully, you have to start with a correct understanding of how the market works, dynamically, not just statically. Getting emotional about valuations the market gives is not a good start.