As he pointed out, the top 10% own 88% of the stock market. Why is it a disaster if their paper wealth is marked down? (View Post)

I don't recognise this. If all our supermarkets were replaced by Safeway, Walmart, Costco, Whole Foods and Trader Joe's, it wouldn't be a problem (assuming prices stay the same). (View Post)

How much of the credit for that do you think should go to the CCP? (View Post)

That's the European position: if you have distortions caused by not having a VAT system then just adopt VAT. (View Post)

Trump might like the idea of his policies being compared to an act of god. (View Post)