Myth of the Rational Market: progress
I am about halfway through my new book. I thought it would be the opposite of books I’ve been reading (about free markets and sound money and economics 101) but it’s really not. Just a different sort of thing. It’s a history of Wall Street and the various money theories to come through. It’s a hard read with a lot of names. It’s like reading an index to an encyclopedia… something like that.
It’s full of things like “binomial market operations” or whatever. I don’t understand half of it, but I’m getting the general vibe of things.
If anything there is some convergence. More on this later.