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William Watson: ‘Free’ but dumb vs. freedom

As an educated population should understand, controlling prices leads to many bad outcomes. What's our excuse for not knowing that?

William Watson's recent commentary in the Financial Post has delved into the complex relationship between freedom and stupidity, drawing parallels to the late Rod Liddle's writing style. Liddle, a former columnist for The Spectator, was known for his outrageous, dark, and rude humor, which often poked fun at hypocritical moralizers.

Despite his provocative nature, Liddle also had the ability to challenge hypocritical viewpoints, even when he disagreed with them. Watson's article highlights the paradox of embracing freedom while simultaneously recognizing the dangers of unfettered stupidity.

Brief written by urgent.news from Financial Post's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

Read the original at financialpost.com →

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[Today’s Signal] Does an AMM-Based DEX Discover Prices—or Follow the Market?

Decentralized exchanges are often defined by the absence of a central intermediary. Their more fundamental innovation, however, lies in how prices are formed.

  • AMM DEXs determine prices via smart contracts and liquidity pools, not order book competition.
  • Arbitrageurs adjust AMM prices to align with market rates when divergence occurs.
  • AMMs crucial for initial pricing of long-tail or newly issued tokens lacking active order books.

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