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A Little Financial Knowledge is a Dangerous Thing

The Citi Smith Barney chap at my local Citibank branch is very sweet. Whenever anybody asks to open a brokerage account, he tells them that he's not a discount brokerage, and that there are lots of discount brokers like E*Trade who can provide brokerage services at a much lower cost. But I have a feeling that a discount broker might not actually save you money. Dean Baker explains, in the context of talking about cuts in capital-gains taxes:

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