If economics seems like a weird science it's because -- when pursued realistically -- the science is self-abolishing. ...
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... The object of economics (i.e. the economy aka "capitalism") is essentially its own best epistemological engine. ...
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... If economics seeks to defend its scientific status following this fundamental discovery, it undergoes radical corruption, to become a political-administrative organ rooted in error. ...
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... This is Macro. It lies professionally for the state. ...
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... The alternative (consistent with the Efficient Markets Hypothesis) is self-dissolution into venture capital, or crypto-currency innovation in the best case.
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Replying to @Outsideness
'...(consistent with the Efficient Markets Hypothesis) ...' O dear.
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Replying to @Stebbing_Heuer
The Efficient Markets Hypothesis might not satisfy Platonic aspirations but it's the best we're ever going to get. ...
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Replying to @Outsideness @Stebbing_Heuer
... It's natural that all kinds of people, from Macro functionaries to twitter randos, should be confident about their ability to out-think the market, but without performance indicators ($$$) there's no reason to share their delusion.
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Replying to @Outsideness
It’s possible to understand that it’s difficult for people to outperform the market, without subscribing to the EMH.
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Replying to @Stebbing_Heuer @Outsideness
how so? EMH is exactly summed up as "you can't outperform the market"
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