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To: EyeGuy

The Austrian school never makes the claim that every private purchase is more efficient that every government purchase.

It says that the total purchases of the private sector are made more efficiently than if similar purchases were made by the government. Which is exactly what I said.

As an example of a really poor decision by a private actor, how about Time Warner’s purchase of AOL at the height of the boom. Value of purchase been dropping ever since.


35 posted on 06/21/2011 12:00:34 PM PDT by Sherman Logan
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To: Sherman Logan

Did you also attend Princeton?


67 posted on 06/22/2011 5:05:33 PM PDT by Thom Pain (Raising Tax RATES decreses the Tax REVENUES. Spread the word.)
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