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Twitter is set to launch its Initial Public Offering later this week and it’s expected to raise $1 billion—depending on the IPO price. Twitter’s estimated market capitalization is between $17 billion and $20 billion.

Yet, like so many Internet companies before, Twitter makes no money. It generated a $69 million loss on revenue of $254 million for the first 6 months of 2013.

Why, then, is Twitter’s IPO so highly anticipated by Wall Street investors?

Julia Boorstin, CNBC’s crack journalist covering media and entertainment is with me to discuss this.

Jesse Eisinger is a Pulitzer Prize winning reporter for Pro-Publica who investigated Wall Street and the financial collapse. We’ll debate the causes of the collapse from his book The Wall Street Money Machine.

Thomas Ferguson discusses the 2011 Federal Budget. He is a professor of political science at the University of Massachusetts and a senior fellow of the Roosevelt Institute. We discuss how President Obama’s Budget Speaks to Wall Street and Ignores Voters.

Peter Schiff subscribes to Herbert Hoover’s observation, “the business of America is business.”

In case you haven’t noticed, however, business is getting a bad wrap lately after the crash of 2008-2009. The truth is that boom and bust is business as usual in the US. Just look at the first decade of the 21st Century, for example.

The Y2K scare, the dot-com boom and subsequent crash, Enron/Wordcom/Global Crossing, the Dow Jones reaching 14,000 and dropping back down to 9,750, the banking industries collapse and two of the Big 3 auto manufacturers bailed out by the government.

Peter Schiff explain how the economy grows and helps us to understand the crashes.