A key difficulty in measuring profit is in defining costs. Pure economic monetary profits can be zero or negative even in competitive equilibrium when accounted monetized costs exceed monetized price.
But clearly the fact that we've gone from zero Iraqi security forces on duty in May to up to 200,000 today is an enormous accomplishment, but it's not enough.
John Abizaid
But clearly the fact that we've gone from zero Iraqi security forces on duty in May to up to 200,000 today is an enormous accomplishment, but it's not enough. John Abizaid
However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound. Toshihiko Fukui
I found it peculiar that those who wanted to take military action could - with 100 per cent certainty - know that the weapons existed and turn out to have zero knowledge of where they were. Hans Blix
