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You searched for: label/foreign exchange reserves

Social Security/Medicare vs Corporate Welfare

…the “section 1031” like-kind exchange. There’s really no normative policy justification for allowing this kind of exchange to avoid taxation of the realized gain whereas other exchanges (non-like-kind) do not….

Thoughts on trade policy and pegs

…is under or over valued relative to another or by how much. It’s all guesswork. 2. Foreign Exchange probably is not a marketplace that is efficient with regard to cost…