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The magic bond 8-ball.
Quote:
Originally posted by LessinSF
Ergo, the U.S. is increasingly un/in/non/stable because the price of debt has gone up in the last few months. Bullshit.
I so doubt that there is any real market in Iraqi debt, that I suspect this asshole's 40% figure refers to a fluctuation between $0.01 on the dollar to $0.006 on the dollar with the last trade being three weeks ago for one contract.
Ty, I like your fight sometimes, but this is weak.
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Tabarrok is a libertarian economist of some achievement at George Mason, so I doubt the work is that shoddy. I just thought the concept was interesting -- make of it what you will. Like a magic 8-ball, say.
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“It was fortunate that so few men acted according to moral principle, because it was so easy to get principles wrong, and a determined person acting on mistaken principles could really do some damage." - Larissa MacFarquhar
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