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by schwabacher
5550 days ago
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This is interesting, and it makes sense to me that markets would work this way, but I am not sure I can think of any real examples. Something like Bar Associations comes close, but AFAIK they are legally mandated? Do you have any better recent or historical examples in mind? |
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How about the gold standard?
Also- http://en.wikipedia.org/wiki/Open_standard#Examples_of_open_...
http://media.mises.org/mp3/interviews/murphy1.mp3