Posts tagged ‘efficient markets hypothesis’

November 5, 2012

More bizarre anti-economics from the Globe and Mail

Brian Milner is a “a senior economics writer and global markets columnist” at Canada’s largest and arguably most highly respected newspaper, the Globe and Mail. Milner doesn’t understand what economists mean by the word “efficient,” doesn’t understand the elements of the efficient markets hypothesis (EMH), and, worst, uncritically repeats nonsense from David Orrell, whose awful anti-scientific screed I reviewed here. Why oh why, as Brad DeLong likes to say, can’t we have a better press corps?

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