I think the Navajoes used peyote as a teaching aide...

dj


On Tue, Mar 10, 2009 at 5:48 AM, archytas <[email protected]> wrote:
>
> We actually know a great deal about 'animal spirits', but more or less
> fail to teach anything we know about them.
>
> On 10 Mar, 06:31, Don Johnson <[email protected]> wrote:
>> Roger Schank.  What an unfortunate name.  What were his parents
>> thinking?  The essay emphasizes  the role of government but it fails
>> to say what the government shouldn't do.  When the government
>> guarantee's loans for some lending institutions and not others it is
>> meddling in the market and thus causing the 'invisible hand' to
>> tremble and clinch up in arthritic spasms.  It's like taking a
>> Thoroughbred to the race track and tying one end of a rope to his left
>> hind hoof and the other around his scrotum and expecting him to win
>> the race.  It doesn't work like that.  Although it might be amusing to
>> watch if you truly hate horses and I suppose it would be one way to
>> control the spirit of an animal...
>>
>> Yes, capitalism has winners and losers.  So does life.  Putting a
>> government in charge of the Commanding Heights of a country's economy
>> has proven to be a disaster so I'm concerned about the current trend
>> to subsidize certain forms of energy and punish others with 'carbon
>> credits.'  I have no problem with taxing a bit more in a boom so that
>> taxes can be relaxed during a bust.  Likewise I have no problem with a
>> 'bust fund' that can be used during a recession to help ailing
>> industries.
>>
>> dj
>>
>> On Mon, Mar 9, 2009 at 8:52 AM, gruff <[email protected]> wrote:
>>
>> > A failure to control the animal spirits ...
>> >http://www.ft.com/cms/s/0/453e55ca-0c0c-11de-b87d-0000779fd2ac.html?n...
> >
>

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