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.
What, how did I miss this post or Mises article??
No,it's not it's the most powerful idea in finance in a century
What is?
the EMH
You said it’s not, though
aaaah, for want of a comma we, have this case: https://www.findlaw.com/legalblogs/first-circuit/for-want-of-a-comma-we-have-this-case/
aaah, ha how appro!
Now I’m disappointed because I thought you had a better one up your sleeve
sooooz :/
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
Sure, and evolution is a "theory". Leave it
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.
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.
Still is
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.