The Unbroken Window

Wal-Mart is making yet another aggressive move to fatten its profits.

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It is clear that on average, you cannot outperform the market - whatever market you are in. Why? Well, “everyone” IS the market.
If you beat the market one time, you got lucky.
If you beat the market a second time, you got lucky.
If you beat the market a third time, you understand government. 

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We would add that FedEx and UPS use handheld computers to track more than 22 million packages, all over the world, each and every day. Their computers work because their business depends on it. So you can know, up to the minute, when your Amazon shipment left Memphis, when it touched down in Parsippany and […]

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A self-professed ”classically liberal” friend of mine continues to make the claim that. ”It is difficult to deny the relief to the mortgage borrowers once the pirates have helped themselves to the Treasury.” In other words, since the Fed and Treasury are taking actions to bail-out the major financial institutions (a terrible idea, I agree), then it […]

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This paper examines why developed countries are monogamous while rich men throughout history have tended to practice polygyny (multiple wives). Wealth inequality naturally produces multiple wives for rich men in a standard model of the marriage market. This paper argues that the sources of inequality, not just the level of inequality, determine the equilibrium degree […]

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It is criminal and immoral to celebrate, on this day, the social and economic achievements of the Labor Movement. How can one be proud of the fact that those societies that pursued equality were forced to create a new class of individuals to “enforce it” leading to mass murder on a scale that has never […]

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