A part that I found very interesting is Vernon Smith's distinction between two kinds of markets: (1) where the good or service is not retraded, e.g. commodities and (2) where retrading exists, e.g. stocks and bonds. He says the marginal utility and value model works very well for #1, but not for #2, where bubbles are c...(Read more...)
Claim: Obamacare architect Jonathan Gruber said Obamacare only passed due to the "stupidity" of the American voter and a lack of "transparency," and video footage of his remarks was deleted from the Internet in an attempt to hide it. MIXTURE:
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The jury took only 75 minutes to reach its verdict after a three-week trial that ended abruptly on Monday when Weil's defense team decided not to call any witnesses, saying the government had failed to make its case.
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