Economists invoke “perfect information” as a condition underlying ideal market outcomes. That assumption is usually unrealistic, but imperfect information no more justifies government intervention than any other resource scarcity. The same can be said of most information asymmetries, though it may depend upon the reasons. The post at the link below is described as “wonky” by its author, Don Boudreaux. So here is: A Note on Economic Theorizing and “Imperfect” Information