"Alex Tabarrok, “The market doesn’t lie doesn’t mean the market is always correct. A lie is an intentional falsehood. Market manipulation would be analogous to an intentional lie so it’s not impossible for markets to lie only difficult much of the time.” (Marginal Revolution)"
What about LIBOR, what about commodity warehousing, what about insurance companies, what about the fact the western government's felt it was necessary to constrain Microsoft, what about high frequency trading, what about price fixing in the options market, There are large sectors of the economy that are constantly being manipulated. Has Cargill or Archer Daniels Midland ever paid a fine for price fixing corn or soy? Fuck me, these guys are such corporate prostitutes that is makes me want to tear up my Econ degrees.
Wow
What about LIBOR, what about commodity warehousing, what about insurance companies, what about the fact the western government's felt it was necessary to constrain Microsoft, what about high frequency trading, what about price fixing in the options market, There are large sectors of the economy that are constantly being manipulated. Has Cargill or Archer Daniels Midland ever paid a fine for price fixing corn or soy? Fuck me, these guys are such corporate prostitutes that is makes me want to tear up my Econ degrees.
Wow
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