> In a few years, this movement of baby boomer money into safe havens
should drive down both the price of stocks and the yield on bonds.
> ~Alypius Skinner
No, for two reasons:
1) Many who retire will not sell all their stocks.
If they get an annuity, the stocks are just transferred to the insura
--- Jonathan Kalbfeld <[EMAIL PROTECTED]> wrote:
> was curious if anyone knew of an
> existence of other kinds of derivatives, on things like labor market
> size,unemployment rate, CPI, inflation rate, cost of gas at the pump,
etc?
The Iowa Electronic Market (http://www.biz.uiowa.edu/iem) has futu
Hilarious! I'd already killfiled AdmrlLocke, so I hadn't read his first
message. Love your answer though.
On Thu, 9 Jan 2003, John-Charles Bradbury wrote:
> If you already know the correct answers better than the professor why are
> you taking the class instead of teaching it?
>
> JC
> -
> In fact, amateurs and the
> general public have often demonstrated a kind of intuitive and
> inarticulate wisdom on social issues that has eluded intellectuals,
including economists.
> Marc Poitras
But also, German amateurs elected the Nazi party.
Fred Foldvary
=
[EMAIL PROTECTED]
--- Bryan D Caplan <[EMAIL PROTECTED]> wrote:
> (Incidentally, 7% sounds low relative to other averages I've heard.
> Burton Malkiel cites a figure of 10% real pre-tax if I recall
> correctly).
Roger Clarke and Meir Statman, Winter 2000, "The DJIA Crossed 652,230",
Journal of Portfolio Management
In a message dated 1/9/03 10:12:43 AM, [EMAIL PROTECTED] writes:
<< If you already know the correct answers better than the professor why are
you taking the class instead of teaching it?
JC >>
I made no such claim, and in any case, we know that experts are always right
and those without the
If you already know the correct answers better than the professor why are
you taking the class instead of teaching it?
JC
-Original Message-
From: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED] <[EMAIL PROTECTED]>
Date: Thursday, January 09, 2003 7:41 AM
Subject: Re: News Cove
Yes, indeed I was informed recently that I recieved an A- instead of an A in
one of my PhD courses because I include too much historical content in my
exam answers. I suppose there's no better way to protect faulty theory than
to ignore the lessons of economic history.
In a message dated 1/9/
Amateurs and economics? As I recall, in the General Theory, towards the
end of the book, Keynes called for, or came close to calling for,
nationalization of business investment. If implemented, the proposal would
have quickly created an out-and-out socialist system, with disastrous
consequences
Fred Foldvary a *crit :
>
> one is a
> better economist if one knows some law, history, geography, literature,
> political science, and philosophy. And besides his specialty, a good
> economist should know some history of thought, economic history, and
> something about the various schools of
In a message dated 1/8/03 4:51:38 PM, [EMAIL PROTECTED] writes:
<< Mises said that everyone must learn economics because public policy is
set by public opinion. It's an unrealistic demand, but it might be
warranted, absent the death of democracy. >>
My old economics mentor at University of Color
Dear Bill,
Now don't go getting over-stimulated by the stimulus of the
not-very-stimulating media reports. :) Seriously though, I notice all the
time that members of the news media refer to any tax cut with Keynesian
demand-side analysis--if indeed one can credit any of their reports with
an
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