Katherine Mangu-Ward

Now that's like a little tendentious.

It's got a bunch of, you know, I understand why that's not going to like- Takes a crook to find the crooks, right?

Takes a crook to find the crook, right.

And in fact, like,

In a market where you have the understanding that this type of thing is occurring, you know, a little spike here looks different.

A little fall here looks different.

If you understand, like, is that little spike Peter Navarro is like a question you could be asking yourself or his friends or his family, whoever.

I think we do already have an intuitive understanding that smaller markets are more subject to gaming, right?

So the fewer participants in the market, the less resilient it will be and the less likely we are to catch kind of anomalies before someone profits on them.

Almost all libertarians, myself included, would say fraud is something one of the very few things that we agree the state should prevent.

And so I think so often in cases where, you know, what we see are kind of, you know,

inappropriate behavior in those type of markets it's a violation of the terms of service or someone has misrepresented themselves or there is in fact fraud occurring and fraud should be illegal um so i i do also think there is there is a case for like some of this is going to be worked out through the courts through torts through kind of um it's going to take a while and you're right that

You know, many people are impatient for that process to play out.

And as in so many cases, people often want a short circuit kind of evolutionary processes with regulation.

We already know what the rules should be.

Let's just make them and announce them.

That goes wrong so often.

And I think especially with fledgling markets that can have so much power to be useful tools, I'm hesitant to just slap a regulation on it and say, good, now this market is stable.

Yeah, and I think people, you want people to trust your brand.

And, you know, this is, you know, previously in trade had, you know, a lot of these same questions and controversies around it.