[Jebby]

Originally Posted by Caliplanner1

.....well, that depends on how one defines "more effective" Jebby.

The market is more effective at alleviating poverty and increasing wealth than central government planning.

Originally Posted by Caliplanner1

The market certainly MORE EFFECTIVELY precipitates growing income inequality and attendant debt to eventually crash the housing market (via bubbles) if not cooled by government intervention.

The housing bubble is a direct result of government intervention into the housing market.

• Artificially low interest rates set by the Fed
• The Community Reinvestment Act which not only encouraged, but mandated banks lower their lending standards, so banks lent to people with bad credit scores and no way of paying back the loans
• Freddie and Fannie buying up all those bad loans
• A pro-ownership tax code thereby channeling more artificial demand into the housing sector
• A "too big to fail" mentality which gave give banks an implicit promise from the government that they'd be bailed out

I don't see how you can seriously call the housing bubble a failure of the free market when it was directly caused and exacerbated by government intervention.

Originally Posted by Caliplanner1

Many buyers and sellers acting randomly (via multiple/dynamic diverging and converging interests) cannot produce sane/equitable/stable macro economic outcomes Jebby,...that's plumb crazy thinking man!

And a small group of central planners somehow can...?