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This is such a great item it should be mandatory reading for the whole world. It would be terrific if this item were used as a basis for a national competition for Econ. students. A good CME/ICE joint project?
The Value of Profitable Speculation-Becker
Throughout history people who make good profits during economic crises have been condemned as “speculators”, and used as scapegoats, often by the very governments whose policies caused a crisis. These speculators have been imprisoned, and sometimes even put to death Successful speculators, howe...
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May 3, 2010
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