Contrary To What Many Skeptics Had Earlier

Econometrics May Be Defined As The Quantitative Analysis Of Actual Economic Phenomena Based On The Concurrent Development Of Theory And Observation, Related By Appropriate Methods Of Inference.

First, Those Who Disagree With Market Efficiency Simply Assert That It Stands To Common Sense That Greater Effort To Get Facts And Greater Acumen In Analyzing Those Facts Will Pay Off In Better Performance Somehow Measured. (by This Logic, Cure For Cancer Must Have Been Found By 1955).

A Growing Nation Is The Greatest Ponzi Game Ever Contrived.

Reasonable Men Are Not Reasonable When You're In The Bubbles Which Have Characterized Capitalism Since The Beginning Of Time.

But The Trouble Is That He [alan Greenspan] Had Been An Ayn Rander. You Can Take The Boy Out Of The Cult But You Can't Take The Cult Out Of The Boy.