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Great article. Taibbi has left cred as well, so it is good to see him hammering this stuff. I think my two favourite mainstream reporters are Taibbi and Glen Greenwald. They undermine the regime constantly without losing their progressive audience.
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The fundamental error in the OP is that psimon assumes that there are no market methods of rooting out dishonest businessmen. He acts as if fraud is not already illegal (and would be in free market or common law) and as if regulations do not protect fraudulent business methods (i.e. consider SEC and...
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See Rothbard's What Has Government Done to Our Money . When a regular person buys a government bond, that person is spending money they had to have somehow received beforehand from someone else. That is, it must have been money that was already in circulation. When the Federal Reserve buys government...
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[quote user="Anonymous Coward"]You lost me there, how is someone being agressed against if someone sells them a 'Rolex' for $20 and they honestly believe that they are buying the real deal?[/quote]Depends. Whereas being dishonest is not a violation of natural law or the non-aggression...
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This morning I was thinking of an incident that occured in my hometown of Rutland, Vermont, in the 19th century. Rutland was home to several marble quarrying companies and marble was fortuitously discovered just as the Rutland Railroad came to town and the famous quarries of Carrara, Italy closed do...