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Bitcoin, Efficient Markets, and Efficient Financial Sectors

Retrieved on: 2018-02-08 12:46:36

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<div>John Quiggin had a good piece in the NYT, pointing out how the sky high valuations of <b>Bitcoin</b> undermine the efficient market hypothesis that plays a central role in much economic theory. In the strong form we can count on markets to direct capital to its best possible uses. This means that government ...</div>

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