ChrisHallquist

I know you've answered this elsewhere, but so that Reddit can hear: are the rumors about Manning being trans true?

How do you feel about testifying? Have the defense lawyers talked to you a lot about what to expect, or done other things to help you prepare?

The point of the limits of arbitrage critique, though, is that there might be mispricings that sophisticated traders can't exploit. The price of two assets might be guaranteed to converge in the long run, but short-term volatility could make arbitraging them unattractive to sophisticated investors:

https://en.wikipedia.org/wiki/Limits_to_arbitrage

What do you think of the limits-of-arbitrage critique of the efficient market hypothesis?

Absent using NGDP futures, what do you think the next-best approach is to monetary policy? I'd expect you to say "NGDP level targeting by other means"–but what means?