> It's pretty silly to talk about economics if you don't believe in rational economic actors.
With respect: when you find rational economic actors in notable quantities, please do let the rest of us know. (My skepticism of the questionable assertions of libertarians is largely based on the conspicuous absence of such actors.)
Basing policies on the assumption that nobody will exploit obvious inefficiencies since people aren't entirely rational is the economic equivalent of using "drowssap" as your password.
With respect: when you find rational economic actors in notable quantities, please do let the rest of us know. (My skepticism of the questionable assertions of libertarians is largely based on the conspicuous absence of such actors.)