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Economics is not about things and tangible material objects;
 it is about men, their meanings and actions.
 
Ludwig von Mises

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US exports explode to record high

"Clearly the deficit is way out of control, but at least it is a small decline instead of an increase". An election year will produce spikes designed that don't compute with reality. 

14 apr 04 @ 3:39 pm 

Treasury yield higher - rates on the way up!
10-year Treasury note has jumped more than half a percentage point. Bond experts concede that the long-awaited transition to higher interest rates might finally be underway.
13 apr 04 @ 12:38 pm 

Gasoline Surge to Record High
"If these higher gas prices were going to discourage demand, we would have already seen signs, overall the markets have probably got room to go even higher" - Alaron Trading Corp
12 apr 04 @ 4:47 pm 

Bush Avows Free Trade
Don Evans, has gone even further, saying opponents of open trade are "waving a surrender flag rather than the American flag". No wonder the Republicans have a death wish!
9 apr 04 @ 4:52 pm 

U.S. Jobless Claims Tumble to 328,000
Lowest level in more than three years, just means it wasn't important during that time frame. Now with the election, the numbers need to drop. 
8 apr 04 @ 3:59 pm 

British interest rate hike soon
Bank of England policymakers ready to raise rates. The new cycle is under way. Its approach contrasts with that of the US and eurozone central banks.
7 apr 04 @ 12:06 pm 

L.A. Suburb to Vote on Wal-Mart Building
"You don't get to bypass the city and their building and safety and their planning departments". No Democray when it conflicts with the bureaucracy and politicians.
6 apr 04 @ 11:58 am 

Officials warns of more blackouts
"First and foremost, compliance with reliability rules must be made mandatory with substantial penalties for noncompliance" - Energy Secretary Spencer Abraham
5 apr 04 @ 2:42 pm 

Employment and unemployment both up
308,000 new jobs, hiring at the fastest pace in four years; while civilian unemployment rate bumped up to 5.7 percent - election year cooking of the books!
2 apr 04 @ 12:06 pm 

Dow Industrials no longer industrial
Ousting AT&T Corp., International Paper Co. and Eastman Kodak Co. in favor of American International Group, Verizon and Pfizer, illustrates that manufacturing has gone offshore, its a new economy.
1 apr 04 @ 3:22 pm 


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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

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The market is a place set apart

 where men may deceive each other

 

Diogenes Laertius

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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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