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A boom in shale gas? Credit the feds.

…response to market forces, is better than government bureaucrats at picking technological winners. It’s a compelling story, one that pits inventive entrepreneurs against slow-moving technocrats and self-dealing politicians. The problem…

Mandate Up

…rejection by voters last Tuesday. Republicans, the big winners in this election, were quick to see their victory as a justification to mandate up. Their victory moved Representative John Boehner…

Type four win-win trading

winners are those others who observe the market price at which the trades occur. I comment. Ahem. Your fourth win-win “Information:” is not like the others. You redefined win-win to…

Duffie on speculative trading

…“casino” mentality with the lack of relationships between lending banks and buying families and you have a winner take all casino system where nobody but the winners are served. Here,…