Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.
But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.
-- Brad Delong
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2 comments:
It would seem that we are once again in agreement.
Uncanny!
You want to know what else is uncanny?
It would be Repliee competing with humans in the job market someday.
Buffett, in one of his annual reports, once made such a point in almost the exact words as Abba Lerner once did. Tax rates just make the government a partner of the investor, with partnership interest the tax rate, in both the gains and the losses. So they do nothing to affect investment. If it's a good investment without a silent partner, its a good investment with him.
Often thought that if Buffett had applied himself to serious economic thought, he could have made something of himself. Ah, well. :)
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