Who Would You Back: the Market Consensus or Book-writing Pundits?

Michael Giberson Tyler Cowen picks the market consensus over book-writing pundits: Either the current market estimate of inflation is the best estimate available, or you know that it is wrong and you will be a very rich man. I find the former scenario more plausible. Cowen is commenting on the Kevin Phillips book, Bad Money, … More Who Would You Back: the Market Consensus or Book-writing Pundits?More Who Would You Back: the Market Consensus or Book-writing Pundits?