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Economies typically do not function well in hyperinflation. The real value of government debt might
Economies typically do not function well in hyperinflation. The real value of government debt might
Economies typically do not function well in hyperinflation. The real value of government debt might
Economies typically do not function well in hyperinflation. The real value of government debt might
Economies typically do not function well in hyperinflation. The real value of government debt might
Economies typically do not function well in hyperinflation. The real value of government debt might
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Eugene Fama:
In an efficient market, at any point in time, the actual price of a security will be a good estimatEugene Fama:
I don't know what a credit bubble means. I don't even know what a bubble means. These words have beEugene Fama:
People are always saying that prices are too high. When they turn out to be right, we anoint them.Eugene Fama:
People don't walk away from their homes unless they can't make the payments. That's an indication tEugene Fama:
Debates go on to this day about what caused the Great Depression. Economics is not very good at expEugene Fama:
I don't believe anyone wants to hear what I have to say.Eugene Fama:
I'm an extreme libertarian, but I realize we're in a democracy, and in a democracy, people can haveEugene Fama:
There's quite a bit of evidence that even professionals don't show any ability to pick stocks or toEugene Fama:
Active investment is a zero-sum game. Passive managers don't play the game. They buy something reseEugene Fama:
I think bubbles are things people see with 20/20 hindsight. If you look at any particular period wh