Yes and no. This has been discussed at length at the diyaudio forums by people like Steve Eddy and myself. The problem is that many people, if they knew it was only placebo, wouldn't spend the money on it. Therefore subjectivist reviews, by not acknowledging the placebo effect, do a great disservice in spreading their misinformation, making consumers believe there is a difference not accounted by placebo. There is a word for making money based on false claims: scam.
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