I get these ads through email all the time. Usually I just ignore tham but as
I'm getting poorer by the second I thought I'd take a look. Do you think
this is just a gimmick to get the fees and maybe some free postage, or could it
be legit?
David
No Newspaper Ads… No Magazine Ads…No Bul
In a message dated 8/6/03 8:02:24 AM, [EMAIL PROTECTED] writes:
>Was it not the maker of fortune cookies at cheap chinese take-out's?
>
>
>
>heh.
>
>
>
>-davidu
LOL. Okay, fair enough. Now what was HER name? ;)
David
In a message dated 8/4/03 9:41:08 PM, [EMAIL PROTECTED] writes:
>The article discusses Levitt's research style: his tendency to ask odd
>but
>interesting questions and be clever enough to be able to test the
>hypotheses with publically available data. It also has some discussions
>of
>his career
Yes alas I'm sure you're right, and others have written to me to suggest the
very same thing. Indeed, it seemed too good to be true to me as well, which
is why I solicited learned opinions rather than desperately grasping at it.
Incidentally, does anyone know the origin of "if something sounds
I couldn't access the article. Could anyone either copy and paste it to me
(privately so as not to distrub others) or perhaps just give me a briefy
summary? Thank you.
David Levenstam
In a message dated 8/4/03 8:07:18 PM, [EMAIL PROTECTED] writes:
>I did not quite mean that most economists we
In a message dated 7/31/03 2:29:47 PM, [EMAIL PROTECTED] writes:
>The problem with the free state project is that so much of the architecture
>
>of the corporate state is centered on the federal government. But there's
>a
>lot of stuff that could be done within the control of a state government
In a message dated 7/29/03 9:50:07 PM, [EMAIL PROTECTED] writes:
>That sure looks like the likely outcome. We never really got a chance
>to
>correct misconceptions about the project. (For example, it was never
>intended to forecast specific terrorist attacks, but only overall
>trends.) They
In a message dated 7/29/03 11:32:51 AM, [EMAIL PROTECTED] writes:
>--- [EMAIL PROTECTED] wrote:
>> I'd wager
>> $10 that Davis will be recalled--and then win reelection.
>> David
>
>Does the recall law permit the incumbent to be on the ballot for the new
>governor if he loses the recall?
>Fred
In a message dated 7/29/03 4:05:03 AM, [EMAIL PROTECTED] writes:
>The Pentagon office that proposed spying electronically on Americans to
>monitor potential terrorists has a new experiment.
This is typical of the statist-liberal news media--starting a "news" article
with an ad homenim attack.
In a message dated 7/28/03 9:10:55 PM, [EMAIL PROTECTED] writes:
>Ok - let's put game theory to the test: what is the normal form of
>"declaring your candidcay for California governer-game?" What's the
>predicted outcome? And what would Robin Hanson wager on the answer?
>
>Fabio
If I weren't so
In a message dated 7/14/03 9:52:40 PM, [EMAIL PROTECTED] writes:
>A few people seem to have skipped over the first sentence of my post.
>
>The article said that fertility rate is higher in dictatorships than in
>democracies at *all income levels*. Meaning if you take any income level
>and compar
In a message dated 7/14/03 6:45:42 PM, [EMAIL PROTECTED] writes:
>1. Why is fertility higher in dictatorships? Do dictators like bigger
>populations, and democrats like smaller populations? Does population
>growth influence choice of government? Or is there a third factor that
>affects both ferti
In a message dated 7/14/03 9:16:31 AM, [EMAIL PROTECTED] writes:
>> There are zero licensing requirements for farming.
>> Eric
>
>Are there no federal permits and grandfathering in agriculture?
>
>Fred Foldvary
The federal government imposes a host of rules and regulations on farming,
everythin
In a message dated 7/14/03 1:40:05 AM, [EMAIL PROTECTED] writes:
>As a sidelight, I've noticed several "father/daughter" teams amoung
>lawyers, and the hardware retailer "88 Lumber" is run by a
>father/daughter team (and it's not because the father doesn't have
>sons; he does).
And speaking of f
In a message dated 6/25/03 2:35:11 PM, [EMAIL PROTECTED] writes:
>I'm not a very good observer of human behavior, but isn't it at least
possible
>
>
>that in fact the opposite effect might prevail? Since these are 'free'
>services
>
>which come out of tax dollars, won't some people be eager to
In all fairness, I didn't claim that welfare does increase homelessness,
though I suspect that it does, but merely pointed out that the statement seemed to
presume--or that in any case people supporting welfare often presume--that it
decreases homelessness.
As for emprical research, I second To
I think in all fairness that the mixture of people with differing ideologies
among the Progressives (or New Liberals as they were called in Britain)
shifted substantially over the period from 1890 to 1940 from primarily
libertarianish to primarily statist, and that the shift followed a fairly st
In a message dated 6/19/03 9:40:04 PM, [EMAIL PROTECTED] writes:
> > [EMAIL PROTECTED] writes:
> >> The main "good" it provides is a negative one, that of keeping
> >> homelessness and starvation to a low enough level to prevent
> >> political instability.
>
>[EMAIL PROTECTED] wrote:
> > This of
In a message dated 6/19/03 10:28:48 PM, [EMAIL PROTECTED] writes:
>>From: [EMAIL PROTECTED]
>
>>
>>In a message dated 6/19/03 6:28:26 PM, [EMAIL PROTECTED] writes:
>>
>> >The main "good" it provides is a negative one, that of keeping
>>homelessness
>> >
>> >and starvation to a low enough level t
In a message dated 6/19/03 6:28:26 PM, [EMAIL PROTECTED] writes:
>The main "good" it provides is a negative one, that of keeping homelessness
>
>and starvation to a low enough level to prevent political instability.
>
This of course presumes that the welfare state reduces homelessness and
starva
Post-modern liberalism didn't spring full-blown into being like Athena from
the forehead of Zeus. It evolved rather over time from classical liberalism
through several fairly-distinct phases.
In the earliest stages of "progressivism" people still by and large believed
in free markets and priva
In a message dated 6/18/03 2:03:39 PM, [EMAIL PROTECTED] writes:
>But does not the practice of the subordination of the individual to the
>collective go back to ancient times, indeed to pre-historical tribal
>practice and belief?
>Fred Foldvar
in the ancient world we clearly have a good deal o
In a message dated 6/17/03 11:05:51 PM, [EMAIL PROTECTED] writes:
>On Tue, Jun 17, 2003 at 07:41:45PM -0400, [EMAIL PROTECTED] wrote:
>
>> Socialism developed in the early and mid-19th century as a rejection
>of
>
>> classical liberalism,
>
>Wrong. You seem to confuse the concept of socialism wit
I agree that it's more effective to avoid loaded phrases like "capitalism"
and "socialism."
"Socialism" has become to the Right of our generation what "laissez-faire"
became to the left of the 1930s--just a swear-word--and thus generates much more
heat than light. I'd also avoid "private ente
Socialism developed in the early and mid-19th century as a rejection of
classical liberalism, especially but not exclusively as a German nationalistic
rejection of French liberalism (or French militaristic fanatacism in the name of
liberalism). Socialism actually embodies a number or loosely-re
Thanks for the clarification Tom. I do agree that government money, as it
predates socialism, probably doesn't rightly fall under the category of
socialism. I wonder though if most folks would agree that social security is
socialism. Americans don't like to admit that they like socialism. and
I would agree that not every government infringement of liberty warrants the
label "socialist," although on a larger level a rose by any other name still
has thorns. It's ironic, however, that Tom chose "pension reform" as an
example to illustrate the point that not all government infringement
In a message dated 6/16/03 10:20:52 AM, [EMAIL PROTECTED] writes:
>--- [EMAIL PROTECTED] wrote:
>> Americans don't like to support something called "socialism," but
>> they often support socialism by some other name.
>> David
>
>All but a very few Americans, including economists, are in favor of
I tend to agree with Marc, but it's worth note that while no avowed socialist
has ever gotten into the double-digits (Eugene V. Debs peaked at 6% in 1912),
the Democratic Party has enacted virtually every plank in the 1928 Socialist
Party platform, and the Republicans have come to accept virtual
This reminds me of an old Monty Python sketch that had a line in which the
game-show host offered the contestant a choice:
"Would you like the nice gift package, or a hit on the head?"
To which the game-show contestant replied:
"Ah, I'll take the hit on the head!" (or "I'll take the 'it on the
In a message dated 6/3/03 9:35:12 PM, [EMAIL PROTECTED] writes:
>Why does TV have seasons? I know it's customary to propose possible
>answers to questions posted here, but I'm really stumped. I can't think
>of
>any reason why television networks all premier their new shows in the
>fall and pla
Hart went on a boat with Donna Rice and two other friends. The media never
had any more evidence than that that he had an affair, but they crucified him
for "having an affair" just the same. The same news media for months pretended
that they didn't beieve that Clinton was having sex with Monic
In a message dated 6/3/03 12:32:32 AM, [EMAIL PROTECTED] writes:
>Steve Miller wrote:
>
>> Maybe what angers voters is not the scandal, but hypocrisy. Someone
>who is
>> perceived as "liberal" on social issues is less of a hypocrite for having
>an
>> affair than is someone who runs on a "family
Both Gabriel Kolko, in The Truimph of Conservatism and Railroad and
Regulation, and Milton Friedman, in Capitalism and Freedom and Free to Choose, talk
about the phenomenon of the regulated taking over the regulatory agency. Kolko's
an old socialist historian (sometimes labeled "New Left," a la
In light of the list's recent discussions regarding illegal guns and
deterrence of crimes, I thought people might find the following of interest.
David
"(Ronald) Dixon was upstairs, in bed, when he heard a noise in the hallway.
Half asleep, he opened his eyes and saw a man at the top of the st
In a message dated 2/12/03 10:00:59 AM, [EMAIL PROTECTED] writes:
>Depends on what you mean by "used in making policy." As far as I know
>there are no decisions which are based solely on cost-benefit analysis.
>Budgeting is done by legislatures so if CBA plays any role there it is
>in influencing
It's my understanding that Kleck uses FBI crime statistics in his
computations.
Those are estimates of the active use of firearms to deter crimes. It
appears that the ownership of firearms also passively discourages crimes:
while the US has a hire rate of public crime than in Europe, the Euro
In a message dated 2/5/03 5:59:08 PM, [EMAIL PROTECTED] writes:
>I agree that there is a disparity in life experience on this list. In my
>mere 32 years of life, I have met dozens of people who illegally carry
>concealed weapons.
I know a few people who do this too, even though I've spent much o
In a message dated 2/5/03 3:18:04 PM, [EMAIL PROTECTED] writes:
>>While she was Attorney General, Janet Reno commissioned a study to try
>to
>>prove that private firearms ownership does not deter crime. The commission
>
>>concluded nonetheless that Americans use firearms .5 to 1.5 million times
In a message dated 2/5/03 12:01:23 PM, [EMAIL PROTECTED] writes:
>
>>Indeed, the main finding from the surveys is not the brandishment result
>>but the fact that guns are used defensively several million times a year
>>(according to Kleck's survey and several others.)
>
>Which is highly suspect.
In a message dated 2/3/03 4:36:50 AM, [EMAIL PROTECTED] writes:
>Alex Tabarrok wrote:
> > I am interested in the suggestions of list members as to
> > what the most important lessons economics has to teach.
>
>This essay might be useful
>http://www.techcentralstation.com/1051/techwrapper.jsp?PID=
When I taught history at Iowa I tried to have my students take away at least
two economic points:
1. Countries do not trade with each other; individuals and firms trade with
each other. Countries may compete with each other militarily, diplomatically
and in terms of pride, but they don't comp
In a message dated 2/2/03 2:48:19 PM, [EMAIL PROTECTED] writes:
>Also: I've never bought the whole social science is too complex argument
>for why economics and physical science differ. A lot of the life and
>physical sciences deal with complex systems - ever study turbulence
>theory? It's prett
In a message dated 2/1/03 1:42:44 PM, [EMAIL PROTECTED] writes:
> >> I've also heard that the New Keynesians accept a good deal
> >> of what the old Keyneisans and neo-Keynesians rejected,
>
>Alypius Skinner wrote:
> > What's the difference between a new Keynesian and a neo-Keynesian?
>
>Perhaps
In a message dated 1/30/03 6:17:40 PM, [EMAIL PROTECTED] writes:
>Can someone provide me an example of an anamoly from the recent history
>of
>economics that led to a fundamental change in economic theory?
>
>Fabio
I don't know if this qualifies, but when I learned Macro back in 1978 the
neo-K
In a message dated 1/30/03 6:19:06 PM, [EMAIL PROTECTED] writes:
>This is a good point. But it can be handled by giving the midterm less
>weight to begin with. You have an argument for giving a midterm a lower
>weight, but not a variable weight. And I do give the midterm lower
>weight.
Indeed
In a message dated 1/30/03 8:30:04 AM, [EMAIL PROTECTED] writes:
>Thanks for the accurate data. Elsewhere, I have read that the pre-war
>baby
>
>bust began in the mid-1920's--before the great depression--and so could
>not
>
>have been entirely a result of the difficult times of the '30's. If i
In a message dated 1/24/03 10:32:20 PM, [EMAIL PROTECTED] writes:
>> real estate markets aren't competitive, in the
>> economic sense of the word?
>
>In the sense of rivalry, there is plenty of competition in cities.
>Maybe not in some rural areas.
>
>Fred Foldvary
Having just moved from Iowa I
In a message dated 1/26/03 8:02:08 PM, [EMAIL PROTECTED] writes:
>(demographically, the boom began in 1943)
The fertility rate (measured per 1000 women) in 1943 barely exceeded that of
1942 (2,718 v. 2,628), follwed by declines in 1944 (2,568) and 1945 (2,491),
only a bit higher than the rates
In a message dated 1/25/03 9:20:45 AM, [EMAIL PROTECTED] writes:
>--- [EMAIL PROTECTED] wrote:
>> Federal, state and local land regulations often discourage
>> the conversion of currently-farmed land for other purposes, like
>indstrial or high-density residential use. The number of people engag
In a message dated 1/25/03 3:54:04 PM, [EMAIL PROTECTED] writes:
>--- [EMAIL PROTECTED] wrote:
>"I'm also reminded that, like one friend of mine,
>people who work in small towns often buy an old farm
>house and live in it, while contracting out to some
>neighbor or farming friend to do a little b
In a message dated 1/25/03 3:57:38 AM, [EMAIL PROTECTED] writes:
>Having just moved from Iowa I got to see rural real estate markets in
>
>operation. Federal, state and local land regulations often discourage
>the
>conversion of currently-farmed land for other purposes, like indstrial
>or
>hi
In a message dated 1/17/03 9:47:31 AM, [EMAIL PROTECTED] writes:
>Here's my prediction of what will happen: a 20-30 percent sales tax
>
>will be implementen - but because of massive fraud (making headlines,
>
>etc.), the sales tax will be changed to a VAT (valua dded tax) like we
>
>
>have in E
In a message dated 1/17/03 1:15:57 PM, [EMAIL PROTECTED] writes:
>--- Bob Steinke <[EMAIL PROTECTED]> wrote:
>> However, giving cash in our society is gauche.
It is in dominant WASP culture, but not in some subcultures. My parents, for
instance, give me cash each year, and this year my brother
Dear Tom,
By "neutral" I actually thought you mean one that wouldn't prejudice people's
economic behavior. Opponents of the income tax often accuse it of
discouraging work, saving, and investment and encouraging consumption. I
thus thought that a "neutral" tax by comparison would be one that
In a message dated 1/16/03 8:47:15 PM, [EMAIL PROTECTED] writes:
>This brings to mind an historical point which has been tugging at me -
>perhaps someone here will know the answer offhand. Has there *ever* been
>an instance where one type of tax has entirely replaced another, or even
>replaced in
In a message dated 1/16/03 11:57:03 AM, [EMAIL PROTECTED] writes:
>AdmrlLocke wrote:
>
>
>
>> The farmer felt no compunction at all about complaining that while
>
>under the income tax system he pays no tax, under a sales tax he'd pay
>
>
>a hefty ta
Dear Tom,
I hope I got your definition of "neutral" right in the last post. As I
indicated, I'd support a poll tax (so long as I'm an armchair intellectual
and not running for office, which with my abrasive personality would be a
joke anyway). I also support a flatter income tax. In fact I'd
In a message dated 1/16/03 3:31:03 PM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
> I can't imagine any tax that would be "neutral"
A tax on economic rent is neutral, since by definition, economic rent is
income not necessary in order to put a factor to its most productive use.
F
In a message dated 1/16/03 3:31:01 PM, [EMAIL PROTECTED] writes:
<< > Given democracy, one (adult) person, one vote, a strong case can be made
> for a "neutral" poll tax.
> Tom Grey
Fred writes: <>
It seems to me that we have a problem with the meaning of "neutrality" here.
Tom seems to se
I have to agree with Susan. Health clubs are voluntary organizations which,
unlike governments, lack the ability to legitimately threaten or employ force
to get me to join.
I have seen, furthermore, members of my old health club in Iowa complain
bitterly at the provision or increase of servi
Dear Dan,
I actually do agree, which is part of why when my conservative friends would
support a national sales tax instead of an income tax as though a national
sales tax were a panacea I'd just shake my head and tell them, "there's no
such thing as an unburdensome tax. There's no unburdensom
In a message dated 1/15/03 7:35:14 PM, [EMAIL PROTECTED] writes:
<< > It's been a while since I read Pollock, but I don't recall
> anything like what you're describing.
> David Levenstam
See:
http://www.geocities.com/antitaxprotestor/harvard.html
>From Pollock v. Farmers':
"All the acts pass
In a message dated 1/15/03 11:12:08 AM, [EMAIL PROTECTED]
writes:
<< "Two questions:
1) How was Medieval anarchic Icerland horrific?
2) It is possible to have a voluntary, non-state "we", so there must be
some other necessary distinction."
Joe writes:
As to 1) all I can say is that Med
In a message dated 1/15/03 9:34:26 AM, [EMAIL PROTECTED] writes:
<< Interestingly, when the US Supreme Court knocked down the federal income
tax in 1894 as violating the direct/indirect distinction, they referred to
Physiocratic doctrine.
Fred Foldvary >>
Thank you for the interesting explanati
Good point in general. In this particular case, however, Iowa requires too
semesters of rhetoric for everyone. That means that they have something like
200 sections of rhetoric per year, so if the classes has even the same
percentage of student complaints as normal undergraduate classes the
d
In the Rhetoric Department at Iowa instructors who tried to actually teach
writing and therefore generated many student complaints were offered out of
their contracts--that is, forced out--because the chair and assistant chair
didn't want to deal with student complaints.
In a message dated 1/1
Originally the federal income tax law sought to "tax income closest to the
source," presumably because the farther from the source, the more easily
income might escape detection and therefore taxation. In the hearings over
the 1913 income tax law one member of Congress suggested simply taxing e
Before the leftists drive me out of Iowa, I'd planned to do my dissertation
in income tax history, and began to do preliminary research on what the
Founding Fathers meant by "direct taxes." I read the The Debate on the
Constitution and discovered that "direct taxes" seemed to be one of those
p
In a message dated 1/13/03 7:33:09 AM, [EMAIL PROTECTED] writes:
<< Can anyone explain why ordinary Americans are not objecting to tax cuts
(such as dividend tax cuts) that will only favour the top percentiles of the
wealthy ?
Koushik
>>
In absolute terms, the tax cut would favor those w
In a message dated 1/11/03 8:53:20 PM, [EMAIL PROTECTED] writes:
<< --- [EMAIL PROTECTED] wrote:
> I don't see how too much capital could cause a recession,
<>
This is standard Austrian business-cycle theory, which is why I said that too
much borrowed capital can cause a recession. It also wo
I don't see how too much capital could cause a recession, or indeed how it's
possible to have too much capital. Do you mean too much credit, too much
borrowed capital? The notion of too much borrowed capital fits with both
Austrian and monetarist theories of recession.
Since I first studied t
In a message dated 1/10/03 9:03:27 PM, [EMAIL PROTECTED] writes:
<< What prevents a particular private law enforcement
agency from engaging in mob-style "protection"? For
example, in Friedman's "Anarchy and Efficient Law", he
states that, "The most obvious and least likely is
direct violence-a m
In a message dated 1/10/03 5:07:11 PM, [EMAIL PROTECTED] writes:
<< Please take these discussions of personalities off-list. Thanks! >>
Especially given that it's my personality people were discussing, I
wholeheartedly concur. It's bad enough to have to live with my personality
24/7 without h
In a message dated 1/10/03 3:31:26 PM, [EMAIL PROTECTED] writes:
<< Of course, Jan Lester has pointed out that libertarian anarchists are
actually probably the opposite of fascists, since one can invert
Mussolini's definition of fascism to come up with a very clear statement
of anarchism:
No
In a message dated 1/10/03 1:53:07 PM, [EMAIL PROTECTED] writes:
<< when you go on about "statists" you do
sound a little like Marxists when they go on about
"captialists". :)
-jsh >>
I used "statist-liberal" and "statist media" to distinguish the adherents of
big government from classical lib
In a message dated 1/9/03 9:49:18 PM, [EMAIL PROTECTED] writes:
<< Hilarious! I'd already killfiled AdmrlLocke, so I hadn't read his first
message. Love your answer though. >>
Wow, I had no idea that people on the list held me in such contempt, or
indeed in contempt at
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
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/
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
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
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 1/7/03 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
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 1/5/03 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
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 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 12/18/02 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 12/17/02 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 12/17/02 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 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
>
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 12/15/02 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
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 12/5/02 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 12/5/02 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 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 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
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