Show me a Libertarian model that incorporates externalities

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Liquidation Trustee For Madoff Ponzi Victims Triples Amount of Damages Sought From JP Morgan to $19 Billion

Stacy Summary: JPM will somehow manage to pay a $130 million fine and admit no wrongdoing.

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Bono’s an ass

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Back to the future!

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Zynga, Facebook, Farmville, already know this. The casino-gulag state loves this.

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Inflation v. deflation. Weisenthal v. Durden (or Gross v. Bernanke). You decide!!!!

DURDEN:

WEISENTHAL:

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Lehman bankruptcy was for just over $600 billion – now we find out that $616 billion is the estimated total amount of gross exposure for the PIIGS (Portugal, Ireland, Italy, Greece and Spain)

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“Ireland is not Greece”

Hi Max,

think you might enjoy / find use for this from Ireland’s Finance Minister Michael Noonan – from today’s Irish Examiner newspaper
- the irony being that the minister and his predecessor have taken thousands of euro off people’s income in Income levies, tax increases and have also cut welfare, pensions and increased a new Universal Social Charge with threats of water charges, sewerage charges and more. The minister also urged people to wear T-shirts saying “Ireland is not Greece” (http://www.bloomberg.com/news/2011-06-23/noonan-says-may-print-ireland-not-greece-portugal-t-shirts.html)

http://www.irishexaminer.com/ireland/noonan-calls-on-shoppers-to-save-economy-158880.html

Regards

John

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Greek Film Shows Way Out of Debt Bind

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Half of World’s Refugees Are Fleeing US Wars – 4.7 Million People

Stacy Summary: Good luck to these people, but cutting back on the U.S. military industrial complex is absolutely impossible – especially during an election year. The only thing that gets an American with no pension, no income, no healthcare and no prospects through the day is the release one gets from a multi-billionaire private military contractor dropping a bomb on some other poor sap on the other side of the world.

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Status Update on PirateMyfilm.com!

Shareholder of
Pmf-project-logo
 
$3,500 needed
80% funded

 
ZEROHEDGE INDICATES SANTANDER BANK AND SPAIN ITSELF NOW READY TO GO DOWN THE SHITTER ‘While Equity Drinks Kool Aid, CDS Cautions Uncurable… (more)

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Rewarding moral hazard (aka criminal behaviour)

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CME Silver screw update

Bill Gross is a market agnostic. He’ll go which ever way the cash flows and try to capture some gains. Joe Weisenthal is a market fundamentalist and ideologue. His bread is buttered purely on the side of up markets Up is good. Down is bad. An up market based on non-accountability of externalities such as carbon emissions means that the higher the market, the closer we get to eco-holocaust – but hey, Joe will jump off that bridge when he gets to it.

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PIMCO says silver margin hikes were attempt to manipulate prices

Stacy Summary: Bill Gross suggests CME hikes were an attempt to manipulate silver prices and disappear ‘bad inflation.’

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