There's kind of a weird double-think involved in arguments that the slump should be allowed to follow its natural course. It's true that classical economics says that we should let market forces do their work; but classical economics also says that severe recessions can't happen. This idea that we must not intervene is based on a worldview that is refuted by the very fact that the economy is in the mess it's in.
What Does a $450M DaVinci Tell Us About Markets? - In Search of Market Signals in the $450 Million Da Vinci Price contains information, but how much does an outlier art sale say about stocks or the econom...
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