Theologian James Cone and Pulitzer Prize-winning historian Taylor Branch join Bill to discuss Dr. Martin Luther King’s vision of economic justice, and how so little has changed for America’s most oppressed.
“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