Fama

Fama is a good example for that, he is so crazy invested in his speciality that he completly denies any failure or lack of usefulness for broader fields.

Matthew Yglesias » System-Building 2010

Fama is basically right, considering that we now have FDIC insurance, little guys would have been protected.

Matthew Yglesias » Fama: Bank Failures Could Have Been Sorted Out “In a Week or Two” 2010

I have a feeling Fama is used to saying absurd stuff like that here at Chicago and having the legions of grad students and other EMHers nod approvingly.

Matthew Yglesias » 20/20 Vision is Accurate 2010

Fama is basically right, considering that we now have FDIC insurance, little guys would have been protected.

Matthew Yglesias » Fama: Bank Failures Could Have Been Sorted Out “In a Week or Two” 2010

What Fama is saying is that it would have been sorted out in two weeks if the government had stepped aside.

Matthew Yglesias » Fama: Bank Failures Could Have Been Sorted Out “In a Week or Two” 2010

Fama is basically right, considering that we now have FDIC insurance

Matthew Yglesias » Fama: Bank Failures Could Have Been Sorted Out “In a Week or Two” 2010

Fama is basically saying that the earthquake in Haiti is not a public policy issue, because anyone could have sold some catastrophe bonds and made some money.

Matthew Yglesias » 20/20 Vision is Accurate 2010

Fama is arguing that the market will do whatever it does, and we should just give up all hope of doing anything about the larger economy because the random walk will decide for us.

Matthew Yglesias » Efficient Markets Hypothesis Rhetoric 2010

Fama is a leading proponent of the efficient market hypothesis, which in so many [...]

Matthew Yglesias » Fama: Bank Failures Could Have Been Sorted Out “In a Week or Two” 2010

Matthew seems to think that Fama is unaware that we let Lehman fail, when clearly that isn’t the case.

Matthew Yglesias » Fama: Bank Failures Could Have Been Sorted Out “In a Week or Two” 2010