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205 | John Quiggin on Interest Rates and the Information Economy
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
Just Price
In many contexts now it's the other way around. People argue for market economies not just on the basis of being more efficient but on on values, right? Like any deviation from that is somehow morally wrong. And particularly particulary in relation to financial markets, which are the most abstract and complex, distrusted of markets. But when you look at something like crypto currency or the gro financial crisis, a, you conclude that rationality also is needed if you are to avoid fairly catastrophic outcomes in infinancial macts.
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