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The Capitalist's Conundrum - Stephen Mauzy - Mises Daily: 'But what business capital should you own? Amazing how this simple query is swept to the corner by college professors and economists who proselytize the need to lower interest rates to stimulate business demand. Where to invest is a trifling, if not meaningless, point. To the nincompoop any investment is a good investment.
To the actual investor, where to invest and what to own is the supreme question; business capital in the wrong hands is as much liability as asset.'
Friday, September 23, 2011
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