Here is a citation from a letter wrote by Einstein to Born on 12 May 1952 ("The Born–Einstein Letters", Macmillan, 1971, p. 192.) Einstein asked Born:
"Have you noticed that Bohm believes (as de Broglie did, by the way, 25 years ago) that he is able to interpret the quantum theory in deterministic terms? That way seems too cheap to me."
Born commented on Einstein's words:
"But he (Einstein) would not admit that processes in the atomic world can be described by means of things which can be fixed in time and space, which are sturdy and real according to the standards of the everyday world, and which obey deterministic laws. The remark he makes about David Bohm's theory is connected with this. Although this theory was quite in line with his own ideas, to interpret the quantum mechanical formulae in a simple, deterministic way seemed to him to be 'too cheap'. Today one hardly ever hears about this attempt of Bohm's, or similar ones by de Broglie."
What I understand from Einstein's words: "too cheap" is "too much simplistic", i.e that Einstein thought that the indeterminism of QM has a more subtle explanation.
Any other opinion?