It's because of maldistribution. There is soo much slush cash in the hands of few that many markets are no longer real markets or efficient.https://twitter.com/willoremus/status/875739683686363136 …
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None of this can be explained by efficient markets, but can all be neatly explained with maldistribution—underlying political crisis, too.
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A good chuck of the crisis could be solved with sane taxation, and mild rules against regulatory capture, monopoly and buying politicians.
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