Justin Fox “The Myth of the Rational Market”

Financial markets were supposed to know better. They were supposed to be near-perfect processors of information and assessors of risk. They were supposed to be steering us toward a more prosperous, less economically volatile future. 

Then they failed, spectacularly. 

The Myth of the Rational Market tells the story of how we came to believe that financial markets knew best, and how that belief steered us wrong.

Myth of the Rational Market – By Justin Fox


Her Majesty’s question ("If these things were so large, how come everyone missed them?")

https://englundmacro.blogspot.com/2022/01/why-did-almost-nobody-see-inflation.html


Economic theory discredited

https://internetional.se/aztopics.htm#economictheory


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