The single most dangerous lie in modern economics is the Random Walk Theory. It’s taught in every major university to support government intervention and manipulation of society. It’s the foundation of the Efficient Market Hypothesis. Nobel Prizes have been awarded for proving that markets are unpredictable, random, and impossible to forecast. Random Walk Theory persists because it justifies the existence of central government manipulation, academic economists, and financial intermediaries who would be threatened by predictable markets. If the markets are NOT random, then government cannot intervene and manipulate them. It’s also completely, demonstrably, mathematically that Random Walk Theory is WRONG. Let me be clear about what the Random Walk Theory claims: that market prices move randomly, that past movements cannot predict future movements, that forecasting is impossible because each price change is independent of the last. This theory holds that predicting markets is like predicting a coin flip—pure chance. Eugene…​