bad cattitude • 179 implied HN points • 20 Feb 24
- In a free market, consumer choices provide valuable information to producers, leading to better products and services.
- Monopolies created by governments can disrupt market mechanisms like pricing signals and consumer sovereignty, resulting in inefficiencies.
- The 17th Amendment fundamentally changed the US government structure by shifting power away from states' representation in the Senate to direct election by the people, impacting federalism and democratic principles.