Audio Mises Wire - Do Financial Markets Operate Upon Superior Knowledge?

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 Indicator from Planet Money - Before La La Land, there was Fort Lee, New Jersey

Hollywood, baby! The glitz! The glamour! The ever-changing business models! This week, The Indicator is going to the movies. Starting today with the history of Hollywood and where it began.... New Jersey!

Related episode:
The Origin Of The Oscars

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Audio Mises Wire - The Guillotine and the Lyre: What Andrea Chénier Reveals about the French Revolution

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

Audio Mises Wire - Social Engineering under the Fourteenth Amendment

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