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The Efficient Market Hypothesis Is Fatally Flawedmises.org/mises-wire/efficient-market-hypothesis-fatally-flawed
221 sats \ 4 comments \ @Undisciplined 18h econ
By Laurent Hynes
Much of mainstream economics holds to the efficient market hypothesis (EMH), which is built on highly unrealistic foundations. The Austrian causal-realist approach has more explanatory power.
Even when mainstream ideas are useful, it's good to know the assumptions and potential failure points.
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75 sats \ 2 replies \ @TNStacker 17h
Man, it is in the name!
Hypothesis - an idea that is suggested as the possible explanation for something but has not yet been found to be true or correct
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21 sats \ 1 reply \ @Undisciplined OP 17h
Good point, although it's fair to say that it's given more weight than an undemonstrated hypothesis and many people who subscribe to it are unaware of how it might be wrong.
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42 sats \ 0 replies \ @TNStacker 9h
The people who subscribe without understanding the risk, that's what's really wrong. When I got my finance degree the professoriate acted like it was Gospel.
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21 sats \ 0 replies \ @Solomonsatoshi 14h
Rare Earths.
They prove the Libertarian blind faith in free markets is inherently delusional.
#1261402
The US empire cannot wage a war without rare earths the Xis temporary 6-12 month concession does not allow supply for military purposes.
Once China achieves its 3nm microchips production all bets are off.
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