Are Markets Efficient?

A response to Luke12000 and a basically posing the question, Are Markets Efficient? A link to all the links, people, and articles I mention in the video:

http://sqworl.com/?i=079fb4

Category:

Nonprofits & Activism

Tags:

• markets
• economics
• anarchism
• luke12000
• Buddhagem
• socialism
• capitalism
• Noam Chomsky

[fiercegallantry]

Ignoramus.

Don't lecture anyone on "the more prevailing theory in eocnomics." You don't know anything about the field.

[buddhagem]

Still waiting on the impressive list of economic journals you've been published in....LOL Oh and those "credentials" that would put Chomsky to shame. LOL. You're a sad little person. Anybody can make empty claims. You seem to have mastered the art. Good for you! Perhaps you haven't noticed but aside from your empty rhetoric you haven't backed up a single statement you've made. That's funny. You are a joke: a sad pathetic joke. Thanks for the laughs

[fiercegallantry]

Where are *your* credentials? I'm not the one posting illiterate videos on YouTube.

[buddhagem]

Funny, as "illiterate" as they are you have yet to post one substantive critical remark. All you've done is claim that you're a better authority on this topic than Chomsky or anyone else. Despite the fact that it's a logical fallacy (authority proves nothing) I've given you ample opportunity to prove your credentials. But you have none. You're a fake, a liar, and a complete moron. Now please go away.

[Sepero1]

That would be pretty impressive to see, especially considering that the federal reserve didn't even begin to start fueling the housing bubble until about 2001-2002.

The reason free market economists couldn't predict the bubble prior to 2002-2004, is because it wasn't forming yet.

If you have a link that shows a pre-2002 prediction of the housing bubble that would be great. I'll be sure to check out some info on Dean. thanks

[LiberalofLiberty]

Guess not.

Two things Buddhagem.

How do you define "Free Market". You might want to Check Confederalsocialist Video: "I SUPPORT FREE MARKETS." If we blame free human interaction for this mess, We can't live in anarchy

Second. Could you enlighten me in the matter by pointing to the SPECIFIC regulation or lackthereof which created this market failiure you speak of. After all, it isn't like the "Market" Anarchists haven't pointed to SPECIFIC regulations and blamed them for the mess.

[dubified89]

'Market failures', but whenever they fail they get bailed out by the state rather than being allowed to fail

[DonJack1776]

Markets are efficient when it comes to sustaining capitalist class power. So in a way, yes. I guess markets are efficient.

[LiberalofLiberty]

Wha? Did my post make it through?

[Harpakhrad11]

What is it that you are trying to get at in this video? If it is that not all deregulations are necessarily a good thing, then you have it. To set up a system that allows central banks, creditors, & organizations like the IMF to dominate markets and then remove the laws that hamper them from engaging in predatory activity is a dangerous thing to do.

[fiercegallantry]

In fact, quoting someone who is an authority in Field X as support for a claim made in Field Y is the very definition of the fallacious appeal to authority.

Don't lecture on logic me when you clearly don't understand it.

[fiercegallantry]

"you have yet to post one substantive critical remark"

Untrue. Perhpas you missed the significance of my earlier criticisms, but tha's your failing, not mine.

Nor did I claim to be the Great Oz of Economics. I just pointed out that *any* economist has better training in economics than Chomsky because he has none.

Why do you keep lying about this point?

If authority proves nothing, as you say, why do you quote a non-economist like Chomsky as an authority on economics?