Sublime

George B. Kaiser, the driving force behind the acquisition, is far from the cult of rabid Dylandom. In an interview in his spacious office at the Kaiser-Francis Oil Company here, Mr. Kaiser, 73, made clear that he is less of an aficionado of Dylan than an appreciator of his place in American history. “I was taken by Joan Baez in college,” he said, ... See more

Artificially-High Stock Prices Until very recently share prices, by general consensus, were set purely by market forces (though they were influenced somewhat by the Fed’s control of short term-interest rates and government tax and spending laws). Whether the market went up or down was not generally seen as a pressing policy matter for the federal g

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What is remarkable is not that the rate of tax charged should fall as a percentage of income in this particular case, but that it should ever have seemed “fair” that different persons should pay wildly different amounts for the services of government during the twentieth century. This is particularly odd in that those who use government services th

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