Hi, I'm new to the list, having just moved here after 11 years in the Field
of Farm Subsidies (Iowa), so I hope it's alright for me to reply.
Living in Iowa I observed tremendous support for agricultural subsidies,
including both price supports (which legislation under the Contract With
Americ
In a message dated 7/31/02 4:30:50 PM, [EMAIL PROTECTED] writes:
<< I'm not sure this is right. If you look at what the public say they would
like in a government health care program it is huge and very expensive (in
contrast I suspect if you asked how much they would like to spend on it the
In a message dated 7/31/02 9:23:51 AM, [EMAIL PROTECTED] writes:
<< On Wed, 31 Jul 2002 [EMAIL PROTECTED] wrote:
> but I try to recall
> that the wording of a poll can substantially alter its results. Imagine,
to
<>
But that's the whole point: supporters of ag subsidies have managed to tu
In a message dated 7/31/02 10:44:36 AM, [EMAIL PROTECTED] writes:
<< Standard questions ask "higher spending," "lower spending," or "about
the same." I bet you would get at least 40% saying "about the same" and
probably 25% saying "higher," making the status quo the median voter
outcome. You c
In a message dated 7/31/02 12:09:35 PM, [EMAIL PROTECTED] writes:
<< Howdy,
Does anybody think that the amount or pattern of
support for farm subsidies would change if the average
American were "better informed?" (I know, I know,
"better informed" is awfully value laden and implies a
Philistin
In a message dated 7/31/02 3:02:53 PM, [EMAIL PROTECTED] writes:
<< fabio guillermo rojas wrote:
>
> > In other words, all of the main items in the budget are popular and
> > indeed if anything the public wants them to be larger. (Presumably views
>
> Question: could public opinion be endogeno
In a message dated 7/31/02 11:18:21 PM, [EMAIL PROTECTED] writes:
<< William Dickens wrote:
> As I understand it, the cost of the medicare program turned out to be much
greater than expected, but not because congress kept changing the legislation
to add more goodies. Rather treatment became i
In a message dated 8/1/02 11:53:27 AM, [EMAIL PROTECTED] writes:
<< Programs Billions of dollars as of FY 1993
Medicaid$76
Food Stamps $25
AFDC (Family Support) $16
Child Nutrition Programs/WIC$ 7
Public Housing Assistance $20
Total Federal Spending
In a message dated 8/1/02 2:50:47 PM, [EMAIL PROTECTED] writes:
<< If you want a technical definition: if X is precisely N orders of
magnitude
greater than Y, then X = (10^N)Y. Thus 110 million, being between 80 million
and 800 million, is between one and two orders of magnitude greater than
In a message dated 8/8/02 2:46:06 PM, [EMAIL PROTECTED] writes:
<< Regarding the support of the public for farm subsidies etc. here is
another example. The Washington Post reports in a poll that support for
Amtrak subsidies is very strong - and it is strong regardless of Amtrak
use. Here i
In a message dated 8/9/02 1:37:25 PM, [EMAIL PROTECTED] writes:
<< While it might be true that urban dwellers don't support direct farm
subsidies to the same extent as rural dwellers (though my bet is that
the support is still large) what they do support is food stamps which
are another form of
In a message dated 8/9/02 8:28:26 PM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
"I've noticed in contest after contest media polls
fairly consistently overstate support for the
candidate percieved to be more liberal by 5-15%"
That's interesting. Two serious questions. Firs
In a message dated 8/9/02 7:14:44 PM, [EMAIL PROTECTED] writes:
<< Sen. Robert Torricelli's Republican challenger has apparently decided to
make
the Torch's support for the latest farm bill an issue in this campaign,
judging
by this press release they put out after Torricelli apologized for hi
In a message dated 8/12/02 2:42:34 PM, [EMAIL PROTECTED] writes:
<< I recall buying a couple of houses in Silicon Valley:
put all your money down, plus whatever you could borrow
from relatives;add your income to see how much you
could afford to pay per month
and get an 80% mortgage based on th
In a message dated 8/12/02 2:42:35 PM, [EMAIL PROTECTED] writes:
<<
Wouldn't it be easier to produce cheap cars if all models were similar
to each other? Ie, you wouldn't need to retool for every model - just
make some cosmetic changes and keep the cost low? I think that was the
idea behind the
In a message dated 8/12/02 2:42:47 PM, [EMAIL PROTECTED] writes:
<< William Dickens wrote:
> Gale and Sabelhaus do not answer the question that you ask but they do
look at the question of whether savings rates are low if we define savings as
change in wealth rather than income minus cons
In a message dated 8/12/02 4:18:25 PM, [EMAIL PROTECTED] writes:
<< Or to rephrase in economic terms, risk averse managers prefer copying
a proven strategy (low risk/low payoff) than engaging in R&D (high
payoff/high risk).
Fabio >>
That certainly looked true toward the end of the 1980s, when
In a message dated 8/12/02 5:57:09 PM, [EMAIL PROTECTED] writes:
<< One might also want a separate category of savings which excludes
non-reproducible assets such as paintings or land value, since, for example,
if the value of a painting rises, this is an increase in the net worth of the
owner,
In a message dated 8/12/02 7:29:54 PM, [EMAIL PROTECTED] writes:
<< Having just bought a new car, I disagree that compact cars look
"identical." The Honda Civic I settled on clearly "looks like" a Honda
Civic, and the Ford Focus and Hyundai Elantra I didn't buy each had its
own unmistakeable lo
In a message dated 8/12/02 8:48:56 PM, [EMAIL PROTECTED] writes:
<<
I don't know what the term "neoconservative" means, nor do I understand why
that particular label is relevant to this discussion. >>
I'm not sure that anyone knows what it means or rather, that there's any
common agreement
In a message dated 8/12/02 8:49:19 PM, [EMAIL PROTECTED] writes:
<< I haven't read Tucker, but I've always thought that Von Mises is correct
when he says that the essential mark of socialism is that "one will alone,
acts, irrespective of whose will it is" (Human Action, p 695.) To me, this
"
Does anyone think, at least in the excerpts we read, that the article
attacked libertarian or libertarian-leaning economics as much as it attacked
economics generally?
David Levenstam
In a message dated 8/14/02 1:47:34 PM, [EMAIL PROTECTED] writes:
<< [EMAIL PROTECTED] wrote:
> The real charlatans in academia are the many frauds who build
> their whole careers by getting their names put on coauthored
> papers to which they have not legitimately contributed.
That's a sort of
In a message dated 8/14/02 3:38:21 PM, [EMAIL PROTECTED] writes:
<< Here's a link to a NY Times article:
http://www.nytimes.com/2002/08/12/national/12MURD.html?ex=1030256121&ei=1&en=4
ca972cf978300ff
It refers to a study by Anthony R. Harris, published in the journal Homicide
Studies. He
In a message dated 8/14/02 3:37:34 PM, [EMAIL PROTECTED] writes:
<< The problem is central planning. The US corporation would be a giant
enterprise subject to the inefficiencies of any large organization.
Also, minority interests would be overpowered as they are now. >>
I think it would be eve
In a message dated 8/14/02 1:47:39 PM, [EMAIL PROTECTED] writes:
<< Would we get less
desirable immigrants, relative to picking and choosing among
applicants? Would the homeless prefer to cash out and leave, rather than
stay and beg here? Would people tend to leave when they retire? >>
Wou
In a message dated 8/14/02 3:37:34 PM, [EMAIL PROTECTED] writes:
<< The problem is central planning. The US corporation would be a giant
enterprise subject to the inefficiencies of any large organization.
Also, minority interests would be overpowered as they are now.
> Would government spendin
In a message dated 8/14/02 6:47:14 PM, [EMAIL PROTECTED] writes:
<<
the article claims it was an increase in the numbers of homicide from 5.1 in
100.000 in 1960 to 5,7 in 100.000 in 1999. The aggravated assault increased
from 86,1 to 334, so it's almost 4 times more likely to be a victim of a
In a message dated 8/14/02 8:21:54 PM, [EMAIL PROTECTED] writes:
<< However, the two statements are compatible.
In society there are minorities with little power and other minorities with
much power. For example, a country could have a ruling elite with much
wealth and power, and also despised
In a message dated 8/15/02 1:15:10 AM, [EMAIL PROTECTED] writes:
<< --- Robin Hanson <[EMAIL PROTECTED]> wrote:
"The corporate management would be given financial
incentives to maximize the market value of these
shares."
Why? Convince me that the greatest leaders in history
were in it for fina
In a message dated 8/16/02 11:50:09 AM, [EMAIL PROTECTED] writes:
<< In some sense, local tax collecting communities would then act as
competing corporations – to link this thread with the other topic
floating around on the list
- jacob braestrup >>
In some sense they do already. New Yor
In a message dated 8/20/02 7:58:33 AM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
> In a very simplistic macro view, raising public expenditures or lowering
> taxes (in the short run) were both considered "expansionist" fiscal
> policies--at least in the sense that both increase
oops. Make that more dikes rather than fewer.
In a message dated 8/26/02 11:34:01 AM, [EMAIL PROTECTED] writes:
<< 2: I seem to recall that heavy flooding in the Mississippi / Missouri
area led to a reversal of the "let's build a protective dike and thus
move the problem down stream"-policy. Large areas (including whole
villages) were
In a message dated 8/26/02 6:33:51 PM, [EMAIL PROTECTED] writes:
<< There are several levels of puzzlement.
Puzzle #1: The median voter disapproves of existing policy.
Puzzle #2: The median voter, primary voters, and party activists ALL
disapprove of existing policy.
I don't think there are ma
In a message dated 8/27/02 12:19:39 AM, [EMAIL PROTECTED] writes:
<< 4. Cognitive limitations: I'm no expert, but my hunch is that
many people are only willing to get worked up over a small
# of issues - taxes, abortion, immigration, defense... and
the dedicated might add their favorites like g
In a message dated 8/28/02 2:02:10 PM, [EMAIL PROTECTED] writes:
<< Sure, there is a little of this. But again, I doubt this matters much.
The Supreme Court held off New Deal legislation a little bit for a
couple of years, but after 4 years it caved in completely. >>
This must be one of the m
In a message dated 8/28/02 3:35:39 PM, [EMAIL PROTECTED] writes:
<< Uh, how about the first income tax ever passed? It had super-majority
support in amendment form! >>
Congress passed the first federal income tax in 1861, without supermajority
support. If you'd asked the average Northern vot
In a message dated 8/28/02 11:18:09 PM, [EMAIL PROTECTED] writes:
<<
Another MVT deviation:
Personal bankrupcy law. I bet most voters would prefer more lenient
laws.
Fabio >>
Ironically, Todd J. Zywicki is presenting a paper at GMU Friday in which he
argues that people make less use of th
In a message dated 9/2/02 12:07:20 PM, [EMAIL PROTECTED] writes:
<< Howdy,
Why does it seem like the other lane in heavy traffic
is always going faster? Depends on who you ask.
Here's two contradictory answers with explanations. >>
I've always though it's a perception problem: I think about
In a message dated 9/5/02 3:57:18 PM, [EMAIL PROTECTED] writes:
<< Howdy,
It seems like I've seen advertisements for insurance
companies who'll offer quotes from their competitors,
even if their competitor's quotes are cheaper. I can
think of two reasons why a firm would do this. First
would
In a message dated 9/8/02 8:43:20 PM, [EMAIL PROTECTED] writes:
<< Why do charity races make sense? I can understand why people give to
charity, and can understand why they participate in races, like running
or biking. But why are these activities combined so often? Why limit
who can give
In a message dated 9/8/02 10:41:08 PM, [EMAIL PROTECTED] writes:
<< I will
note that I've received several positive comments while wearing one or
another of the t-shirts I got when I registered for charitable races, so that
even for a pathetically slow runner like me there's a tiny bit of pre
In a message dated 9/9/02 12:05:12 AM, [EMAIL PROTECTED] writes:
<< Being willing to run 10K is the opposite, so to speak.
If D.L. is willing to run until he pukes, then the
cause must be important to him and I'm more willing to
give a few minutes to hear his plea and possibly give
money. >>
J
In a message dated 9/9/02 4:45:07 PM, [EMAIL PROTECTED] writes:
<< Races are public goods?! How do I benefit if some other people run
a race with each other? Is this just due to some externality that
healthy people produce in general? >>
I'd never before considered the issue of public goods
Don't federal and state workers effectively have tenure? Isn't it virtually
impossible to fire a government worker covered by civil service in America?
DBL
In a message dated 10/4/02 3:48:42 PM, [EMAIL PROTECTED] writes:
<< The West-Coast dock strike is reported to be costing the economy over $2
billion per day, and rising with time. Has anyone proposed or analyzed
levying a tax on the union and firms which handle the port cargo to
compensate for
In a message dated 10/5/02 11:10:41 PM, [EMAIL PROTECTED] writes:
<< Private employers have occasionally tried something like tenure--it has
been
widely aspired to in Japan since WW2 (although only the larger employers
have been able to apply it in practice) and IBM was for many years famous
In a message dated 10/9/02 5:36:46 PM, [EMAIL PROTECTED] writes:
<< Since I did not "cash in" on my Nobel prediction this is sufficient
evidence
I'm NOT an insider. :-) >>
Unless of course you simply pretended not to know in order to fool us into
believing that you're not an insider. ;)
In a message dated 10/13/02 10:43:44 AM, [EMAIL PROTECTED] writes:
<< Its my impression that the physical science
journals all want fast turn around on their referee reports. Anybody
know what its like with Anthropology, Sociology, or Political Science? -
- Bill Dickens >>
I seem to recall tha
In a message dated 10/13/02 11:00:44 PM, [EMAIL PROTECTED] writes:
<< Should only corporate science be considered private
science?
~Alypius Skinner >>
For that matter, not all corporate science would be purely private either,
since some of it probably gets directly subsidized and some of i
In a message dated 10/14/02 4:32:57 PM, [EMAIL PROTECTED] writes:
<<
- Original Message -
From: <[EMAIL PROTECTED]>
> With the widespread intrusion of the federal government into the lives and
> business of everyone, it might be fruitful to consider a spectrum of
research
> spanni
In a message dated 10/15/02 11:54:01 AM, [EMAIL PROTECTED] writes:
<< While there is a lot of nutty stuff in academia >>
Does that mean there are many nutty professors? I thought there were only
two--Jerry Lewis and Eddie Murphy. :) If there are many, how could we model
the market for them
In a message dated 10/21/02 8:37:58 PM, [EMAIL PROTECTED] writes:
<< A sales tax does shift purchases; some purchases will shift to out-of-state
mail-order or nontaxed services. (Virginia does have a use tax, but few
pay it, as I recall.)
Fred Foldvary >>
In Iowa I delighted in buying my book
In a message dated 10/22/02 7:00:16 AM, [EMAIL PROTECTED] writes:
<< Note its the _parents_ in your story who are groaning, not the kids.
OK, I'll admit that the "no idea" was based on what I know it was like
when I was going to college in the 70s. However, it is still my
impression after 13 y
In a message dated 10/24/02 10:51:12 AM, [EMAIL PROTECTED] writes:
<< This is always the response of mainstream economists when one points out
that people obviously are not behaving as models predict. Unfortunately, for
a lot of people that is where the discussion stops. The assumption seems to
In a message dated 10/11/02 3:04:09 PM, [EMAIL PROTECTED] writes:
<< There is an article in this morning's Wash Post that disputes the value of
the recent Nobels awarded to professots at GMU and VCU to their respective
institutions. >>
The Post has had another article or two essentially chal
In a message dated 10/11/02 3:06:55 PM, [EMAIL PROTECTED] writes:
<< I would ask Chuck Baird at Cal State Hayward. He'd be most likely to
know. You could also ask Jim Bennett at George Mason. Bennett edits
the Journal of Labor research.
mitch >>
I'm Professor Bennett's RA and I forwarded t
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 g
In a message dated 11/4/02 6:31:17 PM, [EMAIL PROTECTED] writes:
<< The first involved only making a
narrow technical assessment; the second a broad moral judgement of the sort
that I thought went out of style with the 19th century movement of WASP
elites to "Americanize" all the foolish forei
I'd been under the impression that the federal government didn't regulate
veterinary medicine as strictly as it regulates human medicine, but today my
vet insisted that veterinary drugs have to go through the exact same process
for FDA approval. Does anyone know anything about the truth of the
In a message dated 11/10/02 8:41:23 PM, [EMAIL PROTECTED] writes:
<< There is a difference between ignorance and irrationality - that is the
central point of this literature
really. >>
Yes. Somewhere along the line someone--either the most ardents adherents or
the most disingenuous opponents
In a message dated 11/11/02 10:42:47 AM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
> Yes. Somewhere along the line someone--either the most ardents adherents
> or the most disingenuous opponents--has defined "rational expectations"
as meaning that people are perfect prognosticato
In a message dated 11/14/02 1:53:35 PM, [EMAIL PROTECTED]
writes:
<< Has anybody studied how well cigarettes work as a monetary standard in US
prisons? From what I've been led to believe, cigarettes are universally used
to facilitate commerce in a prison economy. It seems like the cigarette is
In a message dated 11/14/02 4:06:17 PM, [EMAIL PROTECTED] writes:
<< <[EMAIL PROTECTED]> wrote:
"It seems like the cigarette is everything a good
solid currency needs to be"
Except that you can't smoke your cigarettes and have
them, too. A researcher with alot of smokes could
probably come
In a message dated 11/10/02 1:30:51 PM, [EMAIL PROTECTED] writes:
<< On Friday 08 November 2002 01:08 pm, [EMAIL PROTECTED] wrote:
> I'd been under the impression that the federal government didn't regulate
> veterinary medicine as strictly as it regulates human medicine, but today
> my vet in
In a message dated 11/14/02 5:56:29 PM, [EMAIL PROTECTED] writes:
<< That is a benefit.
A good currency is a widely traded, useful, commodity.
That's why salt, cocoa beans, cattle, etc., were used as money.
Having a consumer use anchors the value of the currency.
Fred Foldvary >>
I was just men
In a message dated 11/15/02 4:15:41 PM, [EMAIL PROTECTED] writes:
<< On Fri, 15 Nov 2002, john hull wrote:
> If someone is willing to make a bet with you, you
> should wonder if maybe she knows something you don't.
If you really want to get paranoid about everything you do, read
the lit on the
In a message dated 11/20/02 11:50:17 AM, [EMAIL PROTECTED] writes:
<< Armchairs:
What are the pros and cons of limiting liability for the maker of a new
vaccine? It seems to me that a disadvantage of limited liability is the
moral hazard that the maker will do a less responsible job of tryi
In a message dated 12/2/02 2:10:37 PM, [EMAIL PROTECTED] writes:
<< Alypius Skinner wrote
So the real
> question is whether the optimal balance would be one of no public
> redistribution or some public redistribution. If there were no public
> redistribution, there would be no need for a sta
In a message dated 12/2/02 3:58:43 PM, [EMAIL PROTECTED] writes:
<< --- Grey Thomas <[EMAIL PROTECTED]> wrote:
"(1)you can choose to be homeless, take no jobs nor
responsibility, and peacefully beg from others who,
"if it's voluntary", can give to you (or not) with no
moral problems. (This includ
In a message dated 12/2/02 4:03:15 PM, [EMAIL PROTECTED] writes:
<< --- Alypius Skinner <[EMAIL PROTECTED]> wrote:
"But what if this ugly guy isn't rich--oh! You mean
pecuniary benefits taken from *other* people--purely
through voluntary donations of course. After all, you
consider force to be
In a message dated 12/3/02 2:51:56 AM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
"'As Machiavelli pointed out, no one is willing to
admit the debt that they incure to those who choose
option #1.
-jsh'
What debt is that?"
Exactly. >>
No, seriously, how do I benefit others by beg
In a message dated 12/3/02 2:51:15 AM, [EMAIL PROTECTED] writes:
<< --- david friedman <[EMAIL PROTECTED]> wrote:
"My point is that moral worthiness isn't being
predicated of the newborn infant or fertilized ovum
but of the adult that it turned into. Whatever the
reasons are that I am cruel and d
In a message dated 12/4/02 9:29:43 AM, [EMAIL PROTECTED] writes:
<< > john hull wrote:
> > I could have sworn that there was a one cent deposit
> > in California. Maybe I'm mistaken.
>
> I think it's a nickel - but either way,
> there's no obvious way to recover it.
> Anton Sherwood, http://www
In a message dated 12/4/02 7:17:57 PM, [EMAIL PROTECTED] writes:
<< I remember when VP Quayle uttered (or was said to have uttered) the
line, "the best educated Americans in the world." In fact, the line
is shown half-way down this Quayle blooper page:
http://www.psiaz.com/quayle.htm
So unles
In a message dated 12/4/02 1:14:42 PM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
> Actually it would be interesting to hear someone delinate a clear
> distinction between taxation on money and taxation in kind.
There is no clear distinction.
Money is a medium, and the underlying
In a message dated 12/5/02 12:56:04 AM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
"'Actually it would be interesting to hear someone
delinate a clear distinction between taxation on money
and taxation in kind.'...I'm inclined to think there
is no clear distinction,which is why I a
In a message dated 12/5/02 12:55:20 AM, [EMAIL PROTECTED] writes:
<< Me again,
Did "Reaganomics" essentially hinge on the Laffer
Curve (i.e. the elasticity of tax receipts w/ respect
to tax rate [?]), and its implications regarding tax
revenue? Or was there alot more to it than that?
Sorry abo
In a message dated 12/5/02 12:56:07 AM, [EMAIL PROTECTED] writes:
<< Howdy,
I've never really studied the Median Voter Theorem.
Recently I read where someone claimed that the U.S.
political system was designed to keep the two parties
nearly identical by keeping other parties out. I
assumed tha
In a message dated 12/5/02 9:32:09 AM, [EMAIL PROTECTED] writes:
<< > Democratic politics appear to be (inherently?) oligopolistic.
> ~Alypius Skinner
This depends on the size of the voting pool and the method of electing.
With proportional representation (each political party gaining
representa
In a message dated 12/5/02 9:34:23 AM, [EMAIL PROTECTED] writes:
<< > Did "Reaganomics" essentially hinge on the Laffer
> Curve (i.e. the elasticity of tax receipts w/ respect
> to tax rate [?]), and its implications regarding tax
> revenue? Or was there alot more to it than that?
Paul Crai
In a message dated 12/5/02 6:32:54 PM, [EMAIL PROTECTED] writes:
<< which is what I described. I did not say there would be a Nash equilibrium
in pure non-cooperative strategies. The two players nearest the edges move
towards the middle player, as I stated. The third player then moves around
t
In a message dated 12/5/02 10:04:34 PM, [EMAIL PROTECTED] writes:
<< As a historical note abou the Laffer curve, it's interesting to see that
the phenomenon was already described by Bastiat in his 1847-02-21 article
"Curieux phénomène économique" (a peculiar economical phenomenon), itself
insp
In a message dated 12/11/02 12:02:46 PM, [EMAIL PROTECTED] writes:
<< Denny Ellerman and his colleagues at MIT pretty much have the franchise
on this issue. See "Markets for Clean Air: The US Acid Rain Program",
Cambridge University Press, 2000. >>
Sounds like a cry for some competition! :)
In a message dated 12/15/02 9:40:19 PM, [EMAIL PROTECTED] writes:
<< * Japan's trade has continued to expand. Its current account surpluses
totalled $US987 billion in the "disastrous" 1990s. This was nearly 2.4 times
the total recorded in the 1980s when Japan was already seen as the
"unstoppab
I've long thought that the notion of "negative campaigning" is largely a
product of the statist-liberal media oligopoly. They don't much care for
other people--like candidates with whom they disagree--providing you with
information so they criticize such candidates for "negative campaigning" if
In a message dated 12/17/02 12:21:42 AM, [EMAIL PROTECTED] writes:
<< Fred Foldvary wrote:
> The argument for [limited liability] is that investors are more
> willing to put up funds if they will not be personally liable.
>
> Nor should they be liable, since lenders are also not, and one could
>
In a message dated 12/17/02 2:30:29 PM, [EMAIL PROTECTED]
writes:
<< Fred Foldvary wrote:
> U.S. and State laws limit this liability, but in a pure market, the
> directors should be personally and fully liable for a
> corporation's debts,
> as would be the general partners of a partnership
In a message dated 12/17/02 8:59:02 PM, [EMAIL PROTECTED] writes:
<< --- Michael Giesbrecht <[EMAIL PROTECTED]> wrote:
> In a pure market, shouldn't the directors be personally liable, or not,
> for a corporations debts, based on whatever terms they reach with the
> lenders involved?
Yes, but th
In a message dated 12/18/02 9:19:28 AM, [EMAIL PROTECTED] writes:
<< > In practice, small corporations usually cannot get loans without the
> major stockholder personally guaranteeing the loans, so in those cases
limited liability serves mostly to protect the owner(s) from liability
to tort victi
In a message dated 12/18/02 1:09:04 PM, [EMAIL PROTECTED] writes:
<< Perhaps the ideal structure would be two classes of investors:
1) limited-liability bondholders, with dividends per bond equal to that of
owners of common shares, and no voting rights.
2) unlimited liability shareholders, with v
In a message dated 12/25/02 12:59:23 AM, [EMAIL PROTECTED] writes:
<< A question inspired by working the Caplan twin night shift:
How come almost all of the paid programming is on late at night? Yes,
rates are lower, but viewership is lower too. Are late-night viewers
unusually impressionable
In a message dated 1/5/03 6:56:36 PM, [EMAIL PROTECTED] writes:
<< Take the crash of 1929. In Devil Take the Hindmost, Edward
Chancellor records how Wall Street's elite convinced themselves that
the rules of economics had been rewritten and that the market could
support ever-highe
I have little doubt that the heart of the study reaches a correct
mathematical conclusion--that the average Swede has a lower income than the
average American black. It does, however, contain a few myths I'd like to
briefly address below.
In a message dated 12/29/02 10:23:43 PM, [EMAIL PROTECT
In a message dated 1/7/03 12:53:47 AM, [EMAIL PROTECTED] writes:
<< I find it interesting that there are so many more articles about bubbles
than about the underlying reality of the equity premium puzzle. This is
a nice case where a little knowledge is a dangerous thing. The average
investor wo
In a message dated 1/7/03 11:58:51 AM, [EMAIL PROTECTED] writes:
<< > If one had a cynical bent one might suggest that the predominance of
> stories about the small bubbles in the huge cake batter of the miracle of
modern economic growth stems from a prevalence of statists in the news
media.<
> D
In a message dated 1/8/03 7:10:56 AM, [EMAIL PROTECTED] writes:
<< True, but people don't live 300 years! People who make their fortunes in a
bull market and then get decimated in a bear market may not recover in their
lifetimes. It has happened before.
~Alypius Skinner >>
yes, and that ma
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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