Definitions vs. Real World

By definition the United States is a republic. In practice the United States is something else. If you elect representatives, does that mean you live in a republic even though you get no representation? Many of our problems come from folks acting according to how institutions are defined and remaining unaware as to how institutions operate in practice.
Expected Seasonal Pattern Compared To Actual Trading
Historical Statistics

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About Fantasy Free Economics

James Quillian is an independent scholar,free market economist, teacher of natural law, teacher and originator of the Fantasy Free approach to economics. James Quillian does not believe lies. Contact:
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