A not Unminor problem for the Left

Doug Henwood dhenwood at panix.com
Wed Apr 12 10:54:23 PDT 2000

matt hogan wrote:

> One major problem for those of us on the left side of the
>political spectrum goes back to the paradox of efficient markets: no
>one has come up with a better way to have financial markets that
>are more-or-less efficient in the long term, than to provide for
>short term trading that can sniff out and damp small inefficiencies.

Why should we care about efficient financial markets?


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