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slightlyoff@toot.cafe ("Alex Russell") wrote:
@seldo Laurie's argument is, basically, the Milton Friedman "prices can be wrong in the small, but on average will not be".
The premise, of course, is that there is a good information being teased out by the pricing function.
In other words, Laurie's economics are just pre-1975, whereas i think the Chicago School has ruined enough.