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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.96

-1.8%

Nov 14 4:00 PM EST

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To: Ilaine who wrote (78006)	8/20/2011 5:05:35 AM
From: Maurice Winn	1 Recommendation Read Replies (2) of 217830

That's not voluntary economic activity and it does not create value. <Squatters in abandoned residential property also increase the well being of many > Since they steal, damage and foul, they destroy value. Property is not "abandoned" because the owner stays somewhere else for a while, or chooses to leave it empty. Selling the squatters' kidneys and other body parts at auction would create a lot more wealth than do the squatters. <All voluntary economic activity is to the good for somebody, a lot of somebodies. > Not really. Plenty of hedonistic activity is not of value to anyone. The best that can be said for much voluntary economic activity is that it transfers money from somebody who doesn't really need it or want it to somebody else who wants it a lot more than the previous owner of it. After a bottle of gin has been drunk, there's nothing to show for it [other than a hangover and a possible new baby, which one could argue is a valuable economic outcome, or a blot on the landscape and environment if one is a Greenhouse Effect True Believer]. Mqurice

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