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- @tevenski Yes, and you had just as much fun hitting a ball of light back and forth. At the time we all thought that was incredible. Just like kids use to have lots of fun staring at a radio listening to the Lone Ranger or Howdy Doody. It's just a function of what you know.
- Collapse of the dollar on May 28, 2016?
- Epistemological foundation for AE
- @KennedyFinance Just checked. Your account is up 40% since Jan. of 2016, but still down 2% since you opened it. You stated just before a big rise in the dollar, so your account initially fell by 30%. The dollar has surrendered those gains, and if I'm right its about to get killed.
- Gold is Doomed
- @realDonaldTrump If you really want to do something for the good of the country try cutting government spending. If you really want to make America great again, you have to make government small again.
- China Calls for New Global Reserve Currency to Replace Dollar @SchiffGold https://t.co/PmZH6Zr8SV
- "Income Inequality" - What Austrians Understand & Liberals Ignore
- July Consumer Confidence unexpectedly plunged to 90.9 from 99.8 in June, hitting its lowest level since Sept. 2014. Forecast was for 99.6.
- World Gold Council Gold Investor, WGC chief market strategist John Reade outlined several key reasons he thinks gold will shine in 2018. http://bit.ly/2zh9oF7
Tuesday, October 6, 2015
Prices without taxes
Let's say we have a product which costs $110 with %10 tax on it. If we abolish that tax, would it simply cost $100? Considering people now have more money,would it cause a demand-pull inflation? And abolishing taxes will also lower the production costs. I can't follow the steps. Abolishing taxes would lower the prices but should it be expected to be as low as the price on the label without taxes? Sorry if it sounds silly.