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Proving once again that the economics departments are about as useful as the philosophy departments. (No offence to those few good academic economists and phil
by javert 14y ago
Proving once again that the economics departments are about as useful as the philosophy departments.
(No offence to those few good academic economists and philosophers.)
- deleted 14y ago[deleted]
- BrianEatWorld 14y agoI don't know that you would be insulting actual economists. You learn pretty quickly that EMH is an abstract model and should be treated as such. It is unfortunate that such caveats rarely make it across campuses into business/finance departments. The article itself clearly falls victim to this and commits the further sin of casually dismissing the transactional uses of bitcoin. EMH has issues and bitcoin may fail, but it is unlikely to be for the reasons the author cites.