I'm Only Rich Because I Know When

I Contend That Financial Markets Never Reflect The Underlying Reality Accurately; They Always Distort It In Some Way Or Another And The Distortions Find Expression In Market Prices. Those Distortions Can, Occasionally, Find Ways To Affect The Fundamentals That Market Prices Are Supposed To Reflect.

There Is No Question That A Breakup Of The Euro Would Be Very Damaging, Very Costly, Both Financially And Politically. And The Biggest Loss Would Be Incurred By Germany. Germans Have To Bear In Mind That, Effectively, They Have Suffered Practically No Losses So Far. Transfers Have All Been In The Form Of Loans, And It Is Only When The Loans Are Not Repaid That Real Losses Will Be Incurred.

Regulating And Taxing Marijuana Would Simultaneously Save Taxpayers Billions Of Dollars In Enforcement And Incarceration Costs, While Providing Many Billions Of Dollars In Revenue Annually.

The Laissez-faire Argument Relies On The Same Tacit Appeal To Perfection As Does Communism.

Just As The Process Of Repealing National Alcohol Prohibition Began With Individual States Repealing Their Own Prohibition Laws, So Individual States Must Now Take The Initiative With Respect To Repealing Marijuana Prohibition Laws.