Oh Mike.   You know I love you.  Yes, we're both heterosexual.   After I
wrote my post you won the hand.   That was breathtaking.  

Let me tell the list about a phone call that came in during a voice lesson I
was teaching to a local colo-rectal surgeon.   She's a perfectly wonderful
cabaret singer who knows what she wants out of life.  The phone call was
from the National Rifle Association who wanted to tell me about how Iran,
Iraq, Korea and Russia were trying to take our guns away through the
auspices of the United Nations.    I put the phone on speaker so the doctor
could hear the conversation as well.   When they came back after a recorded
message, they wanted to know what I thought of that.   

I told them that my war correspondent friends informed me that the Middle
East and especially Iran was the most armed area in the world.   My war
correspondent friends said that: "every ten year old child had a gun and
most were Uzis."     So I asked the NRA spokesman how those folks were going
to take my gun away since I'm a liberal.   

They said, "well they will through the UN."     

To which I said that their Supreme Court has misread the Constitution and
that we didn't carry guns out of fear of the government.   If we carry guns
it's because the conservatives were carrying guns and they were dangerous.
I also said that I had six years in the military and qualified will with
guns and that if I heard the conservatives were bringing guns to a political
event I would as well and that if they started anything I would finish it
and I could.   

The doctor was amazed.   She said, you really are from Oklahoma and an
Indian reservation.    I concurred.   Traditional Cherokee law says that if
anyone causes a death we are honor bound to return the favor.   That's what
governments are for.   So that people like me and my idiot cousin Senator
Tom Coburn who got the law passed to have guns in National Parks [and that
faux East Indian governor Gin-dell of Louisiana who broke the western
tradition of sanctuary in religious institutions by passing a church freedom
to carry firearms law] so that violent, mean people like us are kept apart
and under a social contract.     

My grandfathers used to have gunfights for fun.    They rarely caused a
death because the other side would have been allowed to pick off anyone of
our relatives as payment.    There is a famous picture on the internet of my
Grandpa Clark's livery stable in Ada, Oklahoma with four men hanging from
the rafters by vigilantes who knew the local business people would have
gotten the killers off so they just left them there.    

But our people did shoot at each other.    That was America.    Is that what
we want again?   Obviously Denninger is a man on the way.    There are
always consequences and these Wall Street city slickers just believe that
the only reason for the law is to be able to buy their way out of
consequences for their actions. 

Regards to Paris and to Fernande

REH



   
-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of Michael Gurstein
Sent: Saturday, July 10, 2010 3:14 AM
To: [email protected]; 'RE-DESIGNING WORK, INCOME DISTRIBUTION, EDUCATION'
Subject: Re: [Futurework] Krugman's Insanity, And The Hard Mathematical
Truth

I must say that when I come across another breathless account of the
"discovery" of some immutable law of this or that -- mathematics, physics,
cycles etc.etc., by somebody whose bona fides are an unbeatable winning
spree over the last half day at the local dog track errr stock market, I
reach for my bathroom air freshener...

I think that the issue of debt is not whether or not it will be repaid, most
agree that it will/should, but rather the timing and the terms.  If I owe
you 100 Uzbecki roubles and you insist on being paid on the Saturday of a
long weekend in deepest rural Maine I am very likely to go into "default",
on the other hand we can think of rather different timing and terms which
would allow me to satisfy that debt obligation with relatively little strain
on my purse or mental well-being.

And then there are those completely unreadable charts; the variations in
fonts, bolding, underlining, italicizing, and punctuation--all, one has to
presume, to achieve an emphasis and an agreement with the author's sentiment
in the absence of any effective argument that might intellectually
persuade...

And then there is this canard (I'm currently in Paris after all ;-)...
"absolutely nothing the government does produces anything" ... The
"gubbumint" of course produces nothing but the orderly social, legal and
normative framework that makes any of this type of nonsense and the
associated economic processes possible.  In the economic state of nature
wished for by folks of this ilk we can all spend our time in the free
standing markets with our pistols at the ready and our armed militia well to
hand to ensure that our transactions are enforced. I'm sure that the folks
in Somalia etc. currently living in this blissful state of de-gubbuminted
nature could provide us all with pointers and training in the requisite
survival skills.

Happy almost to be Bastille Day.

M

-----Original Message-----
From: [email protected]
[mailto:[email protected]] On Behalf Of Steve Kurtz
Sent: Saturday, July 10, 2010 1:11 AM
To: Futurework
Subject: [Futurework] Krugman's Insanity, And The Hard Mathematical Truth


Mike G will be tempted to call this a Conservative rant. Ad hominem 
doesn't refute his argument.

Steve

http://market-ticker.denninger.net/archives/2489-Krugmans-Insanity,-And-The-
Hard-Mathematical-Truth.html 

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