Sure, and none of those markets are free. Regulation is not compatible with supply and demand driven markets. Something that is regulated is not free. You can't call for a regulated market to be driven by supply and demand. It doesn't make sense.vladimir wrote:Regulation by govt is an environmental factor that exists in Thailand and Vietnam and almost every other country in the world. And the rate they stipulated is close to Thai/Viet rates.
In order for a market to be ruled by supply and demand there must be as little regulation as possible. Minimal government intervention. Less intervention than a government telling MFIs they can only make so and so much profit. Laissez-faire!