Economic Secession
Categories: Econ, Regulations
Economic secession happens when consumers go rogue from the government and its currency, deciding to conduct their economic business outside of the usual economy with the usual currency.
By removing yourself from a country’s economic network, you can avoid some taxation and overall be less over-lorded by the government.
If you’re thinking “uhhh, Bitcoin?” yep. That’s a form of economic secession. So are Amish and hippie communities that use the ol’ barter-n-trade system. This gets back to the age-old argument: does government give us more freedom, or does it take freedom away? Well, depends on your definition of “freedom” and maybe a few other things...like how wealthy you are and how much discrimination you’ve had to put up with so far on this here blue marble.
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Finance: What is Efficient Markets Theor...141 Views
Finance a la shmoop what is the efficient markets theory well
there should just be a big picture of Warren Buffett right here it should be [Two men carrying a framed picture of Warren Buffett]
the man Warren explaining the efficient market theory himself and that theory
states that it's impossible to beat the market over a sustained period of time
it should be Warren Buffett who explains that all relevant information comes [Warren Buffett giving a presentation on stage]
public in public stocks and that the market more or less immediately
incorporates all that information in its pricing
hence nobody can ever beat the market over a long period of time so why should [Men falling asleep during a presentation]
Warren Buffett be giving this little definition because the efficient market
theory is wrong Buffett has beaten the market for decades in a row in every way [Warren Buffett beating up the market with a stick]
shape and form so you have a really memorable huge figure in finance this
guy and then pipsqueak professors who are kind of a laughing stock whenever the [Professor jumping on the microphone stand trying to talk]
wealthy power crowds gather in Omaha for their National Convention that's what
they say at the Woodstock of Finance if you will fortunately most people keep [Man with arms folded standing naked in a corridor]
their clothes on for this one