Elizabeth Warren on the election circuit in Massachusetts.
She left out any discussion of the financial bailouts, probably in the interest of simplicity and brevity. But she ought not to do so.
Thanks to DailyKos
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot