…demon.

One of most enlightening indicators of how deeply information is embedded in the structure of the universe is the discovery that Maxwell's demon fails not because of inability to measure the momentum of the molecule but rather because of the energy consumed in destroying the information from the last measurement. This seems to indicate a deep relationship between destruction of information and irreversible processes. Might one view attempts to control and prescribe at the transactional level (e.g. minimum wage, price controls) as failing the same way as Maxwell's demon—the nonlinearity at the transaction level destroys information from the market essential in providing the feedback that makes the market function efficiently?