Friday, August 10, 2007

Rugged Capitalism Watch

Mickey Kaus gets this one right. No one demands socialism more vociferously than a capitalist who has lost a bunch of money.

We at Pith & Substance are investing our AdSense revenues (now almost at $12 Canadian -- although the taxman gets half of that) in index funds on a buy-and-hold basis. The correct policy response, of course, is to do nothing.

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