Maybe you and I agree that EMH shouldn't be considered god's truth, but macroeconomists who inform policymakers and asset pricing theory sure as hell do. Trust

Maybe you and I agree that EMH shouldn't be considered god's truth, but macroeconomists who inform policymakers and asset pricing theory sure as hell do. Trust the market, market clearing etc... all come out of the philosophy. I think that's the whole crux of the paper - the people informing how we structure our economy shouldn't consider EMH doctrine.