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Following the logic in the article, you'd get the most efficient markets by making all financial transactions public and instantly accessible.

Then everyone would have the maximum possible amount of information, which would lead to maximally efficient pricing.

For some reason I can't quite put my finger on, I don't expect this to happen any time soon.

Which is one reason I remain skeptical that 'efficient pricing' has ever been a genuine goal.



On the other hand "making all financial transactions public and instantly accessible" is one of the best arguments I've heard for pushing people towards bitcoin/blockchain style accounting systems.

It would do all sorts of weird things to the theory of the firm forcing internal transactions to maintain information asymmetry.




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