The Finch Formerly Known As Gold

18 August 2006

Quote of the week

How efficient, really, is the Efficient Market Hypothesis? Lance offers some illustrative dialogue:

Economist: That looks like a $20 bill lying on the ground over there.

Other Economist: It couldn’t be. If it were, somebody would have picked it up already.

And they call it a "dismal" science.

Posted at 6:18 AM to QOTW

It would be lying on the ground if it were torn in half. Not sure how it affects broader monetary policy, though.

Posted by: CT at 8:54 AM on 18 August 2006

I am glad I gave you a chuckle.

Posted by: Lance at 10:15 AM on 18 August 2006