The Prevailing Wisdom Is That Markets Are

Sometimes Time Actually Works Against You If You Refuse To Face The Relevant Issues And Explain To The Public What Is At Stake.

I Am Not Well Qualified To Criticize The Theory Of Rational Expectations And The Efficient Market Hypothesis Because As A Market Participant I Considered Them So Unrealistic That I Never Bothered To Study Them.

It Is Much Easier To Put Existing Resources To Better Use, Than To Develop Resources Where They Do Not Exist.

Markets Are Imperfect. So You Do Need Regulation, Knowing That The Regulators Are Also Human.

Markets Can Influence The Events That They Anticipate.