From the New World cover image

Arnold Kling: How Economics Starts with Specialization

From the New World

00:00

The Efficient Markets Hypothesis

I'm just not yeah I'm not sure those two things like even if it's not gameable I mean even if just if people are really you know if all the bets in there are honest I guess I'm just not. If I believe the market was efficient my portfolio behavior would have been completely different over the last 30 years, he says. "If you scratch the economics profession hard enough and look underneath you'll find that there are a lot of economists who don't just go with X percent index fund or one minus X money market fund"

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