tag:blogger.com,1999:blog-3811162471906152958.post6376866645719442268..comments2022-12-01T07:10:03.061-07:00Comments on Epicurean Economist: My Views of the EconomyBillyhttp://www.blogger.com/profile/16407189051336532994noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3811162471906152958.post-48478045400448614682008-04-30T15:20:00.000-06:002008-04-30T15:20:00.000-06:00Billy, I agree with a lot of what you have said, b...Billy, I agree with a lot of what you have said, but I do not agree with your "unbelievably efficient market" notion. I am thinking that eventually the market absorbs relevant information, but there are plenty of instances of inefficiencies that have been exploited, and others that have not been exploited, but inefficient non the less. <BR/>I completely agree with allowing those who rolled the dice to suffer the consequences of their choices, to do otherwise sets us up with expectations of an increasingly irresponsible market in the future. In other words risk seekers will seek increasing amounts of risk because of a perception that the risk is somewhat mitigated by the bleeding heart politicians that will step in and save their bacon. I know my risk tolerances have adjusted... I hope others follow suit.Eric the Vikinghttps://www.blogger.com/profile/05153198811912622438noreply@blogger.comtag:blogger.com,1999:blog-3811162471906152958.post-633740501956536782008-04-23T23:17:00.000-06:002008-04-23T23:17:00.000-06:00Amen!! Brother Bayne. It should be a requirement ...Amen!! Brother Bayne. It should be a requirement for everyone who is breathing to take atleast an intro to economics course. It has been driving me nuts how everyone is talking about fixing the economy with this or that policy, and trying to save people from their stupid decisions. Just wondering, what do you think about the "Economic Stimulus Plan"?The Piercyshttps://www.blogger.com/profile/07854914116615614679noreply@blogger.com