On the recordFebruary 26, 2020
If you distort markets as much as the International Monetary Fund says our markets are being distorted, we cannot fall back on this lazy assumption that efficient markets will allocate the capital.
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congress.govSean Casten: “If you distort markets as much as the International Monetary Fund says our markets are being distorted, we cannot fall…”
Editor's note · Context
Casten argues that market distortions undermine the assumption of efficient capital allocation.
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