Economics is not about things and tangible material objects;
it is about men, their meanings and actions.
Ludwig von Mises
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Holiday shopping with no discounts Inflation is back, prices won't drop during the holidays. Foreign items cost more, domestic products
in short supply, few made in USA.
28 nov 03 @ 6:30 pm Culture of fund insiders the problem Fund executives shunned their responsibility to treat fund shareholders equally and engaged in unethical
and fraudulent dealings.
27 nov 03 @ 7:09 am European Central Bank warns of weaken EURO France and Germany sidestep restrictions and circumvents European Commission. Dominate economies want
eurozone governments clout.
26 nov 03 @ 1:49 pm Medicare Bill breaks the bank Goldman Sachs reports government spending growing fast enough to cause $500 billion deficit
in 2004, real relief for the mentally sick public!
25 nov 03 @ 2:41 pm Projected 20 year growth record for 2004? An election year, investment would boom from huge tax cuts and super-low interest rates. But
is this real prosperity or a last hurrah?
24 nov 03 @ 9:06 pm Telephone companies sue over phone numbers If phone companies served the public, why would they want to block customers from transferring
their landline number to a cell phone?
21 nov 03 @ 2:15 pm NYSE wants swift approval of reforms New York Stock Exchange hopes securities regulators will quickly approve plans to revamp the
NYSE board. But will that stop the fraud?
20 nov 03 @ 4:35 pm Currency Traders Charged with Fraud Foreign currency trading has become more risky. The system of exchange has always been the most profitable
for insiders.
19 nov 03 @ 4:12 pm WTO warns of protectionist danger Liberalising global trade means accepting managed economies controlled by shadow interests that works
against individual countries.
18 nov 03 @ 3:08 pm SEC fines Morgan Stanley over Mutual Funds Morgan Stanley agreed to pay 50 million dollars for failure to disclose fees and commissions used
to steer customers to certain mutual funds.
17 nov 03 @ 8:05 pm Bankruptcies and inflation both rise Bankruptcies have nearly doubled in the past decade, and no effort to curtail rising inflation. The
linkage will become obvious shortly.
14 nov 03 @ 11:07 pm U.S. trade deficit at all time high U.S. trade deficit widened to $41.3 billion in September. As long as absurd Free Trade is practiced
over Fair Trade, America will decline.
13 nov 03 @ 4:19 pm WTO rules U.S. violated trade agreements Tariffs on imported steel are in the national interest. Another example why America should resign
from the World Trade Organization.
12 nov 03 @ 3:40 pm Illegal Aliens file a RICO against Wal-Mart
Instead of deportation, minority lawyer wants to reward criminals. The illegals need to go back home
and clean their own house.
11 nov 03 @ 4:05 pm Kodak ready for breakup with Carl Icahn's involvement After the disastrous Sept. 25 announcement of the Kodak's new digital strategy, failed to
assuage many investors upset about the 72% dividend cut, Icahn smelled blood - the company is doomed.
10 nov 03 @ 5:26 am BBB: Daily Business Report from BATR Business Blog 8 nov 03 @ 5:04 am
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If an exchange between two parties is voluntary,
it will not take place unless both believe
they will benefit from it.
Most economic fallacies derive from the
neglect of this simple insight,
from the tendency to assume that there
is a fixed pie,
that one party can gain only at the expense
of another.
Milton Friedman
If you ask me to name the proudest distinction
of Americans, I would choose- because it contains all the others . . . the fact that they were the people who created
the phrase "to make money." No other language or nation had ever used these words before; men had always thought of
wealth as a static quantity . . . to be seized, begged, inherited, shared, looted or obtained as a favor. Americans were
the first to understand that wealth has to be created.
Ayn Rand
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