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1% CEO Confronts 99% Occupy Protesters

GeoLaureate8
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9/28/2012 9:39:58 PM
Posted: 4 years ago
1% CEO Peter Schiff confronts the 99% Occupy Protesters. Peter Schiff is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

It's pretty obvious who wins.
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imabench
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9/28/2012 9:55:01 PM
Posted: 4 years ago
At 9/28/2012 9:39:58 PM, GeoLaureate8 wrote:
1% CEO Peter Schiff confronts the 99% Occupy Protesters. Peter Schiff is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

It's pretty obvious who wins.



His logic about tuition rates is a little off but other then that he nailed it! good for him
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OberHerr
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9/29/2012 12:39:35 AM
Posted: 4 years ago
I was expecting the to lynch him TBH. :P

Seriosuly though, he clearly won. He also did a great job answering everyone's questions in such a a big crowd. Oh, and I love in the beggining when he memotions that elderly people are a large amount of shareholders, that ladies response. "Thats not true!"

Great argument that.
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Wallstreetatheist
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9/29/2012 2:52:21 AM
Posted: 4 years ago
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?
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darkkermit
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9/29/2012 3:32:47 AM
Posted: 4 years ago
At 9/29/2012 2:52:21 AM, Wallstreetatheist wrote:
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?

Its still cheaper for the student, even if it isn't cheaper for all of society.
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Wallstreetatheist
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9/29/2012 3:40:30 AM
Posted: 4 years ago
At 9/29/2012 3:32:47 AM, darkkermit wrote:
At 9/29/2012 2:52:21 AM, Wallstreetatheist wrote:
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?

Its still cheaper for the student, even if it isn't cheaper for all of society.

Proof?
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thett3
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9/29/2012 9:46:06 AM
Posted: 4 years ago
Haha I love how when he calls out FDR someone is like "read your history books!" LOOOOL

Heres the full video if anyones interested
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: At 11/12/2016 11:49:40 PM, Raisor wrote:
: thett was right
thett3
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9/29/2012 10:04:03 AM
Posted: 4 years ago
31-38 minutes makes me fear for humanity
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#StandwithBossy

#UnbanTheMadman

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"Don't quote me, ever." -Max

"My name is max. I'm not a big fan of slacks"- Max rapping

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"Thett, you're really good at convincing people you're a decent person"-tulle

"You fit the character of Regina George quite nicely"- Sam

: At 11/12/2016 11:49:40 PM, Raisor wrote:
: thett was right
Lordknukle
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9/29/2012 10:50:17 AM
Posted: 4 years ago
At 9/29/2012 9:46:06 AM, thett3 wrote:
Haha I love how when he calls out FDR someone is like "read your history books!" LOOOOL

Heres the full video if anyones interested

Damn retarded n!gga.
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lewis20
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9/29/2012 12:31:20 PM
Posted: 4 years ago
At 9/29/2012 3:32:47 AM, darkkermit wrote:
At 9/29/2012 2:52:21 AM, Wallstreetatheist wrote:
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?

Its still cheaper for the student, even if it isn't cheaper for all of society.

Schools base tuition on how much kids can get in govt loans, also you're saying having govt loans means lower tuition? Hasn't tuition outpaced inflation for decades?
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16kadams
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9/29/2012 1:04:41 PM
Posted: 4 years ago
He made a good point on FDR who lengthened the depression 7 years, and how the government caused it in the first place.
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darkkermit
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9/29/2012 1:29:21 PM
Posted: 4 years ago
At 9/29/2012 12:31:20 PM, lewis20 wrote:
At 9/29/2012 3:32:47 AM, darkkermit wrote:
At 9/29/2012 2:52:21 AM, Wallstreetatheist wrote:
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?

Its still cheaper for the student, even if it isn't cheaper for all of society.

Schools base tuition on how much kids can get in govt loans, also you're saying having govt loans means lower tuition? Hasn't tuition outpaced inflation for decades?

Plus some people get financial aid, which lowers the cost on them. Also, in terms of the government loans, it lowers the financial burden on them since they pay a lower interest rate than one would see without the government interfering.
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lewis20
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9/29/2012 1:36:57 PM
Posted: 4 years ago
At 9/29/2012 1:29:21 PM, darkkermit wrote:
At 9/29/2012 12:31:20 PM, lewis20 wrote:
At 9/29/2012 3:32:47 AM, darkkermit wrote:
At 9/29/2012 2:52:21 AM, Wallstreetatheist wrote:
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?

Its still cheaper for the student, even if it isn't cheaper for all of society.

Schools base tuition on how much kids can get in govt loans, also you're saying having govt loans means lower tuition? Hasn't tuition outpaced inflation for decades?

Plus some people get financial aid, which lowers the cost on them. Also, in terms of the government loans, it lowers the financial burden on them since they pay a lower interest rate than one would see without the government interfering.

Ya they are paying lower interest in a higher tuition which is worse.
"If you are a racist I will attack you with the north"- Abraham Lincoln

"Do not wear clothing woven of two kinds of material" - Leviticus 19 19

"War is a racket" - Smedley Butler
darkkermit
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9/29/2012 3:33:16 PM
Posted: 4 years ago
At 9/29/2012 1:36:57 PM, lewis20 wrote:
At 9/29/2012 1:29:21 PM, darkkermit wrote:
At 9/29/2012 12:31:20 PM, lewis20 wrote:
At 9/29/2012 3:32:47 AM, darkkermit wrote:
At 9/29/2012 2:52:21 AM, Wallstreetatheist wrote:
At 9/28/2012 9:55:01 PM, imabench wrote:

His logic about tuition rates is a little off but other then that he nailed it! good for him

Do you think government guaranteeing private student loans and government giving students loans itself reduces tuition or maintains it?

Its still cheaper for the student, even if it isn't cheaper for all of society.

Schools base tuition on how much kids can get in govt loans, also you're saying having govt loans means lower tuition? Hasn't tuition outpaced inflation for decades?

Plus some people get financial aid, which lowers the cost on them. Also, in terms of the government loans, it lowers the financial burden on them since they pay a lower interest rate than one would see without the government interfering.

Ya they are paying lower interest in a higher tuition which is worse.

depending on your financial situation. If you can't afford college through savings, then yea the government subsidizing the loans is great.
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Greyparrot
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9/29/2012 3:44:08 PM
Posted: 4 years ago
The point is government should not be the ones picking and choosing who gets financial aid. The schools and alumni should choose. If the schools make bad choices, at least there is competition. Otherwise, the schools are just in it for the fed dollars, not the student's or even their own academic interests.
Citrakayah
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9/29/2012 4:43:49 PM
Posted: 4 years ago
At 9/29/2012 3:44:08 PM, Greyparrot wrote:
The point is government should not be the ones picking and choosing who gets financial aid. The schools and alumni should choose. If the schools make bad choices, at least there is competition. Otherwise, the schools are just in it for the fed dollars, not the student's or even their own academic interests.

That would seem to relate to the federal government providing grants to universities, not aiding students unable to afford college.

Oh, and do you have proof that this hypothesized effect of federal student aid is actually true?
Wallstreetatheist
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9/29/2012 4:54:07 PM
Posted: 4 years ago
At 9/29/2012 3:33:16 PM, darkkermit wrote:

depending on your financial situation. If you can't afford college through savings, then yea the government subsidizing the loans is great.

You claim to be a Capitalist and a Libertarian, yet every solution to a problem you look to government to introduce more violence into the situation.

Also, read Cody's argument and tell me what you think: http://www.debate.org...
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imabench
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9/29/2012 5:05:41 PM
Posted: 4 years ago
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.
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Greyparrot
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9/29/2012 5:31:41 PM
Posted: 4 years ago
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p
darkkermit
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9/29/2012 5:53:18 PM
Posted: 4 years ago
At 9/29/2012 4:54:07 PM, Wallstreetatheist wrote:
At 9/29/2012 3:33:16 PM, darkkermit wrote:

depending on your financial situation. If you can't afford college through savings, then yea the government subsidizing the loans is great.

You claim to be a Capitalist and a Libertarian, yet every solution to a problem you look to government to introduce more violence into the situation.

Also, read Cody's argument and tell me what you think: http://www.debate.org...

a) I don't claim to be a libertarian. Does my profile say I'm a libertarian? No. I haven't called myself a libertarian in months. Others might call me a libertarian, but I don't call myself one. I call myself right-wing compared to the status quo, but not libertarian.

b) I don't claim that the government should intervene in college costs. I'm stating that the government can make it cheaper for individuals. Well cheaper, If you consider the future value of money. However, I don't support such policy.
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imabench
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9/29/2012 6:07:55 PM
Posted: 4 years ago
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"
Geogeer: "Nobody is dumb enough to become my protege."

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
darkkermit
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9/29/2012 6:21:08 PM
Posted: 4 years ago
At 9/29/2012 6:07:55 PM, imabench wrote:
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.

that has got to be the crappiest business model ever. Private institutes are often non-profit but that doesn't give them an excuse to go full retard on finances.
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Citrakayah
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9/29/2012 9:40:51 PM
Posted: 4 years ago
At 9/29/2012 6:21:08 PM, darkkermit wrote:
At 9/29/2012 6:07:55 PM, imabench wrote:
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.

that has got to be the crappiest business model ever. Private institutes are often non-profit but that doesn't give them an excuse to go full retard on finances.

They also, apparently, lower the pay of their professors, and get rid of their presses. Or so I hear from university professors.
imabench
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9/29/2012 10:47:08 PM
Posted: 4 years ago
At 9/29/2012 6:21:08 PM, darkkermit wrote:
At 9/29/2012 6:07:55 PM, imabench wrote:
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.

that has got to be the crappiest business model ever. Private institutes are often non-profit but that doesn't give them an excuse to go full retard on finances.

Thats where fundraising comes in.... University of Miami made $1 BILLION from a single fundraiser last year.

http://www6.miami.edu...
Kevin24018 : "He's just so mean it makes me want to ball up my fists and stamp on the ground"
Geogeer: "Nobody is dumb enough to become my protege."

7/14/16 = The Presidency Dies

DDO: THE MOVIE = http://www.debate.org...
http://www.debate.org...

VP of DDO from Dec 14th 2014 to Jan 1st 2015
darkkermit
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9/29/2012 10:59:54 PM
Posted: 4 years ago
At 9/29/2012 10:47:08 PM, imabench wrote:
At 9/29/2012 6:21:08 PM, darkkermit wrote:
At 9/29/2012 6:07:55 PM, imabench wrote:
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.

that has got to be the crappiest business model ever. Private institutes are often non-profit but that doesn't give them an excuse to go full retard on finances.

Thats where fundraising comes in.... University of Miami made $1 BILLION from a single fundraiser last year.

http://www6.miami.edu...

I realize that they have fundraising. I'm just stating that its a crappy business model If you don't do any planning for future expenditures. Which I'm sure they do.

They probably get revenue from other places than tuition. Rent, sports games and, government subsidizes.
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Chaos88
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9/29/2012 11:01:59 PM
Posted: 4 years ago
At 9/29/2012 6:21:08 PM, darkkermit wrote:
At 9/29/2012 6:07:55 PM, imabench wrote:
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.

that has got to be the crappiest business model ever. Private institutes are often non-profit but that doesn't give them an excuse to go full retard on finances.

Their excuse would be the law, and their retardation of finances is a consequence of it.

A non-profit, by law, is not ALLOWED to have a profit, as opposed to the common conception of not striving for one. This means, if the business has $1 million in revenue, it MUST have $1 million in expenses. This is why non-profits often give to charities.

The only way they can legally keep a profit is if they have a plan for it. For example, a school may want to build a new building. I believe they will have a schedule of revenue, and they must stick to that (say, $300K/ year for five years, then they can build the building).

Another issue for schools and charities is sometimes a donation has strings attached. Like the money can only be used for a specific purpose (like student housing or diversity) or the money is the school's as long as a certain condition is met. I think the school of the Fighting Sioux had such a trust, and the school was in danger of losing the money if they changed their nickname.
This adds to their retardation, and sometimes even their policies.
darkkermit
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9/29/2012 11:09:14 PM
Posted: 4 years ago
At 9/29/2012 11:01:59 PM, Chaos88 wrote:
At 9/29/2012 6:21:08 PM, darkkermit wrote:
At 9/29/2012 6:07:55 PM, imabench wrote:
At 9/29/2012 5:31:41 PM, Greyparrot wrote:
At 9/29/2012 5:05:41 PM, imabench wrote:
In most public and private schools, tuition is calculated by taking all of the expenses that the institution has, and then divides that cost by the number of students they have. The few that dont work this way are the really really really upper class high end colleges who use enormous tuition rates to make a statement about its prestige, but most other universities determine tuition as expenses divided by number of students.

And how do they calculate future expenses and renovations?

Answer that :p

Im pretty sure they dont, and then next time just raise tuition costs to cover the new expenses.

that has got to be the crappiest business model ever. Private institutes are often non-profit but that doesn't give them an excuse to go full retard on finances.

Their excuse would be the law, and their retardation of finances is a consequence of it.

A non-profit, by law, is not ALLOWED to have a profit, as opposed to the common conception of not striving for one. This means, if the business has $1 million in revenue, it MUST have $1 million in expenses. This is why non-profits often give to charities.

If we're using the basic equation:
Profit = Revenue - Expenses, then technically they do make a profit, since it would be nearly impossible to keep this formula equal from year to year due to unforeseen expenses and unforeseen revenue.

However, shareowners aren't allowed to keep a profit. That's the difference. They can however reinvest or spend their profits as long as its going to the school and not for personal expenses.

The only way they can legally keep a profit is if they have a plan for it. For example, a school may want to build a new building. I believe they will have a schedule of revenue, and they must stick to that (say, $300K/ year for five years, then they can build the building).

Another issue for schools and charities is sometimes a donation has strings attached. Like the money can only be used for a specific purpose (like student housing or diversity) or the money is the school's as long as a certain condition is met. I think the school of the Fighting Sioux had such a trust, and the school was in danger of losing the money if they changed their nickname.
This adds to their retardation, and sometimes even their policies.

The point is though is that they area a business with competition. They must have some forms of finance or business management or else the school would just completely fail. Almost all nonprofit charities have financial management of funds. They are going to plan for future expenses.
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MouthWash
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9/29/2012 11:21:32 PM
Posted: 4 years ago
At 9/28/2012 9:39:58 PM, GeoLaureate8 wrote:
1% CEO Peter Schiff confronts the 99% Occupy Protesters. Peter Schiff is CEO and chief global strategist of Euro Pacific Capital Inc., a broker-dealer based in Westport, Connecticut and CEO of Euro Pacific Precious Metals, LLC, a gold and silver dealer based in New York City.

It's pretty obvious who wins.



Saw this on Mises. Lol'ed at the guy trying to get him to "not care about money" in order to fund his own business (alhtough to be honest, I kinda feel sorry for people like that). I notice that Libertarians seem to be a lot less "greedy" than non-libertarians... liberals feel that they are owed a decent living just because.
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Wallstreetatheist
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9/30/2012 2:04:06 AM
Posted: 4 years ago
At 9/29/2012 5:53:18 PM, darkkermit wrote:

a) I don't claim to be a libertarian. Does my profile say I'm a libertarian? No. I haven't called myself a libertarian in months. Others might call me a libertarian, but I don't call myself one. I call myself right-wing compared to the status quo, but not libertarian.

b) I don't claim that the government should intervene in college costs. I'm stating that the government can make it cheaper for individuals. Well cheaper, If you consider the future value of money. However, I don't support such policy.

"Gary Johnson (Libertarian Party)" threw me off. I won't confuse you for someone advocating liberty again; sorry for the misconception.
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