Tuesday, October 14, 2008

Be Opaque

I am not sure it is a good thing to have markets opaque:
"I've been told by an experimental economist that in some market models, more (true) information actually makes the market outcomes less efficient. This seems to be the mental model that Hank Paulson is working on."
To me, I would like to see what the government is doing with my money and which institutions are weak so they can necessarily fail. But that is just me.

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