Guest Post: Everything You Know About Markets Is Wrong?
by Eric L. Prentis
ZeroHedge.com
06/11/2012
The financial elite—using academe for intellectual cover—want you to believe that markets are efficient, as defined by the Efficient Market Theory (EMT). My research strikes down this hoary old EMT economic dogma, used by duplicitous bankers and hedge fund managers to con US politicians and 99% of Americans.
The Efficient Market Theory (EMT) is a significant foundation theory in economics. Prove the EMT wrong, and economics becomes largely an empty shell. Therefore, the EMT is the most important fundamental issue in economics and for America.
US politicians mistakenly use EMT based economic theories to pass laws favorable to Wall Street. First causing and now worsening the credit crisis. Examples of credit crisis enabling legislation include:
Gramm–Leach–Bliley Financial Services Modernization Act of 1999
Commodity Futures Modernization Act of 2000
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
Jumpstart Our Business Startups (JOBS) Act of 2012
The Rest…HERE
