The market is dumb - subject to inefficiencies, manipulation, supply issues. Anyone who thinks markets are perfect clearing tools and will always arrive at an equilibrium doesn't even have Econ 101 under their belt, let alone advanced Macro and Micro. I am all for contrary opinions, posters playing devil advocate, etc. But give it some substance. IHL are still in early stages of development, going to be moves up and down for a number of years to come.
The market is dumb - subject to inefficiencies, manipulation,...
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