have been solely as a result of money actually leaving the
system to go
into more secure things like money market instruments,
Money does not leave the system. When one person sells
stocks, another
person is buying. But evidently much new money is going to
money market
funds.
--- Grey Thomas [EMAIL PROTECTED] wrote:
In an IPO, new shares enter the system, and the share issueing company
receives some money.
I agree, with an IPO, new money does enter the system.
After that, the shares are just exchanged.
If a firm is profitable, then money enters the system by
Robin Hanson wrote:
Now maybe you accept this, and think yourself part of, or advisor to, an
elite empowered to make ordinary people do things that are good for them,
whether they like it or not.
I think that what Bill might say is that even though people under-invest
in their own
In a message dated 11/4/02 4:30:31 PM, [EMAIL PROTECTED] writes:
I think Bill would say that he's pretty sure. He's seen the data,
crunched the numbers, read the literature, etc. If you feel comfortable
failing people on their exams, why shouldn't you feel comfortable giving
them a failing
Bryan Caplan wrote:
Now maybe you accept this, and think yourself part of, or advisor to, an
elite empowered to make ordinary people do things that are good for them,
whether they like it or not.
I think that what Bill might say is that even though people under-invest
in their own education,
Robin Hanson wrote:
I know that Bryan Caplan would say that people as consumers and people as
voters are just two different sets of preferences, and there is no particular
reason to expect much consistency between them. But that's a pretty unusual
position, so I didn't necessarily expect
