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If the information has no value then surely the market will eventually price the whole chain at $0. The short term is just noise, ‘price discovery’, whatever.
by ffwacom 5y ago
If the information has no value then surely the market will eventually price the whole chain at $0. The short term is just noise, ‘price discovery’, whatever.
- p4bl0 5y agoAgain, this is true only if you have a complete trust in market economy to make reasonable decisions. I don't. And evidence support that it doesn't always do that (I'm sorry I only have French ressources on this subject).
- ffwacom 5y agoWhat’s the alternative? Centrally planned economies lead to people dying, messing with them via regulation hasn’t seemed to help at all, just leads to some financial crisis.