Michael D. Goldberg - Efficient Markets: Fictions and Reality

The video discusses the efficient market hypothesis (EMH) and critiques its assumptions, especially in light of the financial crisis. It introduces the contingent market hypothesis (CMH) as an alternative, emphasizing the role of imperfect knowledge and the need for state intervention to manage excessive market swings. The video argues for a balanced approach between market freedom and regulatory oversight to ensure economic stability.

What new insight or understanding did you gain from this video?