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The Efficient Market Hypothesis claims that financial markets process information immediately and correctly. However, since the EMH is based upon unrealistic assumptions, we also have to question the efficacy of this hypothesis, especially when central banks intervene in the markets.
Original article: https://mises.org/mises-wire/do-financial-markets-operate-upon-superior-knowledge
The poet, the opera, and the Terror: when art dares to confront the violence of power. How one artist portrays the French Revolution and the political terror it unleashed is a grim reminder of what today's Bastille Day celebrations ignore.
Original article: https://mises.org/mises-wire/guillotine-and-lyre-what-andrea-chenier-reveals-about-french-revolution
Mark Cuban may be a billionaire, but he's not your typical tech bro. The celebrity businessman and former Dallas Mavericks owner campaigned for Kamala Harris in the 2024 election and is a fierce critic of Donald Trump—and an outspoken advocate for affordable healthcare and medication. Dan and Mark discuss Trump's approach to the economy, whether Elon Musk's third party plans could actually change American politics, and why Democrats need to think bigger than just being anti-Trump. Then, Dan gets down to business with a list of his most pressing NBA questions.
For a closed-captioned version of this episode, click here. For a transcript of this episode, please email transcripts@crooked.com and include the name of the podcast.
Murray Rothbard called egalitarianism a "revolt against nature," and he believed that the egalitarianism inherent in the Fourteenth Amendment was socially harmful. Social engineering never turns out well, but that doesn't discourage progressives from engaging in it.
Original article: https://mises.org/mises-wire/social-engineering-under-fourteenth-amendment
Critics of free markets such as Oren Cass claim that Austrians and other supporters of the free economy are engaged in “market fundamentalism.” However, support for free markets is not an act of blind faith but is based upon understanding of how markets actually work.
Original article: https://mises.org/mises-wire/debunking-myth-market-fundamentalism
Manchester United are terrible, even according to their own manager. Last season saw their worst ever performance in Premier League history.
But at the same time, according to Forbes magazine, they’re still the second most valuable football club in the world.
How is that possible?
Tim talks to Kieran Maguire, a football finance expert and the author of The Price of Football, to find out the secret of Manchester United’s financial success.
Presenter: Tim Harford Producer: Nicholas Barrett Series producer: Tom Colls Production co-ordinator: Brenda Brown Sound mix: Neil Churchill Editor: Richard Vadon