That's not what rational expectations means, it's just a way of saying things are priced in, so that if the price of eggs went up there is probably a good reaso

That's not what rational expectations means, it's just a way of saying things are priced in, so that if the price of eggs went up there is probably a good reason for it and it doesn't mean you can go and start an egg business to compete on lower prices. https://someunpleasant.substack.com/p/economists-do-they-know-things-what https://someunpleasant.substack.com/p/economists-do-they-kno...