In the wake of the recent controversy surrounding Free Markets, and more specifically, the "How could we be so stupid as to believe markets could work?" statements, we feel it is time to clear the air and make a couple blanket statements regarding market efficiency. Specifically, we address the idea that Efficient Markets means continuous growth, that Free Markets are "Free" (as in no cost, as opposed to free of intervention), and that stock prices should always rise in the long term.
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