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And has that happened? Instead top trained musicians command huge salaries and people pay out the ass to see them. "In an efficient market" Well we aren't liv
by anm89 7y ago
And has that happened? Instead top trained musicians command huge salaries and people pay out the ass to see them.
"In an efficient market"
Well we aren't living in a perfectly efficient vacuum so who cares? You are point in case what Im talking about. You believe that the sanctity of your theoretical view of the world is more important than what happens in the real world. I could argue about what happens to musician salaries if they all were covered in butter and learned how to fly. It would be about as useful of a conversation as debating perfectly efficient markets.
Economics truly earns its reputation as the dismal science.