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Sep 30, 1995

Speculator: Investing in Burning and Burying

The growth potential of the death-care business

John Maynard Keynes once suggested that it would be possible for the government to bury money in bottles and then pay the unemployed to dig it up, excavating the country out of recession in the process. In fact, at least one American industry has beaten recession by effectively burying large amounts of wealth, with no intention that it should ever be exhumed. During the civil war, the federal government trained thousands of embalmers to return the heroic departed in reasonable condition to

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