precisely. 

He's just done for. We appreciate his work, and the articles he wrote in the 1970s-1990s were excellent. What he says today is emphatically _not_ what we measure his contribution to humanity for :)

denlillaapan

Unfortunately, I think Fama is just becoming a bit ridiculous in his old age.

Plenty of academic articles using traditional monetary models have demonstrated that something like Bitcoin can exist and trade at a non-zero exchange rate, i.e. this one: 

Saying it poses a threat to economic principles is undermining his own profession (and mine), and I won't tolerate it!

Mainstream economics has many problems, but the existence of bitcoin is 

econ

Fama: Bitcoin is Dead (Promarket/Capitalisn't)

Unfortunately, I think Fama is just becoming a bit ridiculous in his old age.

Plenty of academic articles using traditional monetary models have demonstrated that something like Bitcoin can exist and trade at a non-zero exchange rate, i.e. this one: https://stacker.news/items/734528, or this one: https://stacker.news/items/745057

Saying it poses a threat to economic principles is undermining his own profession (and mine), and I won't tolerate it!

Mainstream economics has many problems, but the existence of bitcoin is *not* one of them.




