Keynes and the efficient market hypothesis
Over at The Money Illusion, Scott Sumner has posted a number of blog entries about John Maynard Keynes as an investor and how it informs the debate about efficient markets: Far from refuting the efficient markets hypothesis (EMH), the story of Keynes’ investments actually supports the buy and hold recommendations of those who adhere to [...]
Bryan Caplan on the media
In his excellent book The Myth of the Rational Voter, Bryan Caplan writes “like politicians, the media show viewers what they want to see and tell them what they want to hear” and speculates about the possibility that voters’ beliefs about other topics than economics may not be any sounder. When I find mistakes in [...]