WHY MARKET IRRATIONALITY IS IMPORTANT

Before I posted the comment from the physicist-hedgefund manager, I caught Fats Limbaugh making the same claim.  To those of you who are familiar with A Random Walk Down Wall Street, these posts will seem to be belaboring the obvious but I'm fighting against the Free Market Fairy the wingnuts worship day in, day out.  To them and the rubes who believe them, the free market embodies Truth, Justice and The American Way and anyone who claims differently hates freedom, is a statist, hates America, is a Marxist, etc.