Justin Fox on Regulatory Reform and Market Irrationality -- Seeking Alpha

This is a bit old (over a year ago) but still worth a read...we will be using it in class and think it is worthy of a wider audience:Justin Fox on Regulatory Reform and Market Irrationality -- Seeking Alpha:"...a lot of people in academic finance had this idea that financial market prices were more reliable and rational than those in goods markets, because financial markets were more liquid,