“...it’s hard to see how suppressing price discovery leads to more efficient markets over the long run. Central bank intervention merely allows investment returns to be privatized while investment risk is socialized...” Spot on! Thanks for sharing
“...it’s hard to see how suppressing price discovery leads to more efficient markets over the long run. Central bank intervention merely allows investment returns to be privatized while investment risk is socialized...”
“...it’s hard to see how suppressing price discovery leads to more efficient markets over the long run. Central bank intervention merely allows investment returns to be privatized while investment risk is socialized...”
Spot on! Thanks for sharing
Thanks for reading!