You failed to mention if you would like to go back to the robber barons days with no regulation. I'm sure you think your clean drinking water, 8 hour work days, safe work places, blue skies, Social Security and Medicare, and civil rights just magically appeared out of thin air?
The reason there are so many problems with government programs is because of rent seeking, people who seek unjustified profits through controlling government contracts and programs. You tea baggers and efficient market theorists do nothing but stand in the way of making reasonable fixes to our problems. When will you learn that government is a necessary evil? The sooner you stop frothing at the mouth and start being part of the solution, the sooner we can get this country back on track.
So you would rather live in the world of the robber barons, child labor, 14 hour work days, and unrestrained pollution? Or better yet, to 1929, when the goverment also ceded complete control of the economy to the private sector. You need to brush up on your Econ 101, missy.
Unrestrained capitalism is a force that favors monopoly as an outcome. No one wins except for the monopolist. Efficiency is the result of goverment actively regulating the economy to allow competition to flourish.
We've grown fat and lazy off TV and potato chips, and have stopped fighting for our democracy. The monopolists are close to complete control of our government, and I only pray it's not too late to fight back. I do agree with you, the government is
You'd have better luck predicting a coin toss based on starting velocity, wind speed, ambient humidity, etc., than you would predicting a stock's day-to-day movement based on all available data.
How does efficient market theory explain all the millionaire and billionaire stock traders Manhattan and London? People who claim it's impossible to make money trading simply don't know how to trade. With the exception of Communism, Milton Friedman's BS theories on efficient unrestrained capitalism have done more to destroy the world economy than any other intellectual movement in modern history.