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Article: Saint Paul Pioneer Press, Minn., Real World Economics Column.
- Article from:
- Knight Ridder/Tribune Business News
- Article date:
- June 24, 2004
CopyrightCOPYRIGHT 2004 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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By Edward Lotterman, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News
Jun. 24--News about subsidies for airlines and the U.S. cotton industry illustrate how addictive unsustainable or indefensible flows of money turn out to be.
Once a company, group or economic sector becomes used to above-market income of some type, stopping the flow is traumatic. This is particularly true when such income is incorporated into the price of some fixed resource.
None of this is new. David Ricardo, the greatest economist of all time in my opinion, spelled out the phenomenon two centuries ago. Even so, the lesson apparently must be learned ...
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Article: CORRECTION: Saint Paul Pioneer Press, ...
Knight Ridder/Tribune Business News;
December 17, 2003 ;
700+ words
...By Dave Beal, Saint Paul Pioneer Press, Minn. Knight Ridder ... Business News Dec. 17--The Saint Paul Pioneer Press, Minn., has moved a new ... version and use this version. Saint Paul Pioneer Press, Minn., Business Beat ...
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