Do Financial Markets Operate Upon Superior Knowledge?
The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.
Original article: https://mises.org/mises-wire/do-financial-markets-operate-upon-superior-knowledge
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.