I have mentioned two factors in response to your earlier emails and got no
response, so perhaps my message didn't go through. One factor regards the
question of what they're measuring--money wage versus total employee
compensation.
The non-wage component of total employee compensation has
Journalists and Democrats blame Republican policies, but I don't know which
policies and I suspect neither do the journalists or Democrats.
Xenophobes blame Mexican immigrants, foreign competition, and outsourcing of
phone jobs to people in other countries.
Referring to the same claim made by
I was watching the local news last night as they covered Thanksgiving night
shopping stories in the DC metro area. Apparently some stores opened last
night to start off the Christmas shopping season and hundreds of people lined
up
at one store for six hours or more. About 50 people showed
This suggests that people might include the safety of others in their utility functions. An alternative explanation might suggest that people include a calcuation of the damages they'll have to pay if they injure someone else.
Giving women even more space than non-helmeted men raises some
Dear Tom,
Thank you very much for the links. It seems I can find median age, but not mean age. Perhaps nobody calculates the means.
David
In a message dated 4/27/06 6:07:33 AM, [EMAIL PROTECTED] writes:
U.S. Census Bureau is likely to be the best source. Here’s a link to a table from
In a message dated 11/29/05 11:47:15 AM, [EMAIL PROTECTED] writes:
In the inside cover of the principles book by Tollison, Ekelund and Ressler, they show average hourly earnings in 1964 at $11.88. For 2004, they have $15.64. I think they are using 2002 as the base year, but it is not clear
In a message dated 9/6/05 8:50:04 PM, [EMAIL PROTECTED] writes:
I'm not sure the premise is entirely correct. About 30% of the
(former?) population of New Orleans is below the federal poverty line,
yet 80-90%
The federal poverty line is just a politically-determined level at one time useful
Woo-hoo! Congratulations Bryan!
Does this award come with pecunitary compensation? :-D
David
In a message dated 8/24/05 3:15:24 PM, [EMAIL PROTECTED] writes:
I must gleefully report that I am one of the winners of the 2005 Thomas
S. Szasz Award for Outstanding Contributions to the Cause of
In a message dated 8/16/05 10:24:56 AM, [EMAIL PROTECTED] writes:
The last real estate bottom was in 1990, so if this
is another 18-year cycle, the next depression would be
around 2008. So far, the economy is tracking the
cycle right on schedule. In my judgment, the economy
is entering the
In a message dated 8/18/05 11:28:53 AM, [EMAIL PROTECTED] writes:
--- Technotranscendence [EMAIL PROTECTED] wrote:
there are political cycles too, such as the
Presidential cycle. Yet this doesn't line up with
18-years.
Yes, there several cycles going on at the same time.
There are also
In a message dated 8/18/05 11:40:59 AM, [EMAIL PROTECTED] writes:
If government has caused a real estate price
bubble by artificially
lowering interest rates, how can it have an 18-year
cycle,
David
Because real estate construction takes years, and
recovery from a downturn takes years.
An
Are there any armchair economists left? If so, what do you think of the following article?
Thanks!
David Levenstam
George Mason University
-
Interest rates and housing
Bruce Bartlett (archive)
August 16, 2005 | Print | Recommend to a friend
Last week the Federal
In a message dated 4/29/05 2:05:25 PM, [EMAIL PROTECTED] writes:
David ([EMAIL PROTECTED]) writes:
It's funny, during the 1970s people commonly attributed the
excellent rates of economic grown in Taiwan and Hong Kong to the
"Confusion work ethic" while completely ignoring the poverty of the
In a message dated 4/23/05 4:42:26 PM, [EMAIL PROTECTED] writes:
Peter C. McCluskey wrote:
Mancur Olson claims in his book Power and Prosperity that the
marginal income tax rate was effectively zero. The effective taxes
were near 100% of what a typical worker in any given position could
In a message dated 4/22/05 9:55:30 AM, [EMAIL PROTECTED] writes:
Quoting [EMAIL PROTECTED]:
istribution. The real question, according to
McCloskey, is not why does Germany have only 75% of US per capital
GDP, but why
does Bangledesh have only 5% of US per capital GDP. People in the
In a message dated 4/21/05 1:37:25 PM, [EMAIL PROTECTED] writes:
By one measure, there is a big difference, in per capita GDP taking into account purchasing power parity. From the OECD site, in 1999 the U.S. had a per capita GDP of $33,836. Germany, France, UK, Italy were all between
In a message dated 4/21/05 1:38:10 PM, [EMAIL PROTECTED] writes:
And I have a sneaking suspicion that more equitable distributions of
income lead to less social conflict and rent seeking and lead to higher
growth. Unlike you I can point to some theoretical and empirical
studies that back my
In a message dated 4/21/05 12:26:02 PM, [EMAIL PROTECTED] writes:
And I have a sneaking suspicion that more equitable distributions of
income lead to less social conflict and rent seeking and lead to higher
growth.
I wonder what the Laffer Curve would have to say about the "tax" rates and
In a message dated 4/19/05 12:43:11 PM, [EMAIL PROTECTED] writes:
For what it's worth, I recall a Treasury study in the late 1980s that
concluded that the tax cut of 1984 was 95% self-financing.
David
Do you have a citation for that study (or a copy)?
If "95% self-financing" means what it
In a message dated 4/18/05 3:21:40 PM, [EMAIL PROTECTED] writes:
I've been reading about Laffer's idea that there is a tendency for
revenues to increase with increased taxation up to a point where revenue
is maximized. As one of the class notes on Caplan's site indicates, you
can derive
In a message dated 2/7/05 11:46:21 PM, [EMAIL PROTECTED] writes:
There's an interesting (to me, anyway) interview with Arthur Laffer
here:
http://pittsburghlive.com/x/tribune-review/opinion/columnists/steigerwald/s_300457.html
--Robert
Oh, thank goodness! When I saw the subject line I
In a message dated 2/8/05 1:13:22 AM, [EMAIL PROTECTED] writes:
In a message dated 2/7/05 11:46:21 PM, [EMAIL PROTECTED] writes:
There's an interesting (to me, anyway) interview with Arthur Laffer
here:
http://pittsburghlive.com/x/tribune-review/opinion/columnists/steigerwald/s_3
In a message dated 11/12/04 1:42:43 PM, [EMAIL PROTECTED] writes:
What's up with question 32? 52% male and 52% female?
Well maybe 4 percent of them were hermaphrodites. I see that at the
university where I'm teaching (NOT GMU) they're having a seminar on people who
aren't
100% male or
In a message dated 11/3/04 6:54:43 AM, [EMAIL PROTECTED] writes:
In the end the important question is comparative - are there any other
institutions that on average do better? So far direction comparisons
between markets and other institutions in the field have favored
markets. And real and
I've been discussing with my undergradute students the rationality of voting.
People might get other benefits from voting besides thinking that their one
vote can influence the outcome. Some people feel a civic pride in voting.
Others vote to prevent others from telling them they don't have a
In a message dated 8/31/04 8:36:29 PM, [EMAIL PROTECTED] writes:
A problem with many of these reasons is that they do partly rely on the
illusion that their vote does matter! Expressive voting is not a
completely separate issue. Why feel pride in participating in an irrational
system? Why not
In a message dated 8/1/04 3:45:57 PM, [EMAIL PROTECTED] writes:
Economists are not hostile to public goods.
Still, knowledge of economics tends to make you more receptive to the
idea of the invisible hand and the possibilities of private economic
organization. Hence, it makes you more
What about the person, like an alcoholic or schizophrenic, who hates his
extreme preferences, as they destroy his life? Setting aside the issue of
involuntary treatment for the benefit of others, as we really talking only about a
case of extreme preference?
David Levenstam
In a message dated
Um, who says the male libido decreases over the 20s and 30s? :-D
David Levenstam
In a message dated 1/28/04 3:05:00 PM, [EMAIL PROTECTED] writes:
Following the analogy of price control, any evidence that the group
advocating
aggressive relationship bargining are the same ones who would
Wow, I was going to respond that I've almost never gotten an email for
insurance, and then decided not to clutter up the list. When I checked my new mail
again, however, I found an ad for insurance! That reminded me that in fact I
have gotten many emails, mostly for cheap health insurance.
I've seen almost exactly the same distribution. As a first impression, I
wonder if the Nigeria scam doesn't employ the same anonymity (from the other
side) that recipients of the first three types of emails value. Tracking down a
scam online might well prove more difficult than doing so over the
In a message dated 1/21/04 3:34:42 PM, [EMAIL PROTECTED] writes:
I was so ignorant, until last month I thought Paris Hilton was a
hotel in France
;-)
Paris Hilton is both a hotel in France AND desert topping! (from an old
Saturday Night Live skit it's both a floor wax AND a desert topping!)
In a message dated 1/20/04 7:10:03 PM, [EMAIL PROTECTED] writes:
AdmrlLocke wrote:
People who engage in more sexual activity and
alternative sexual lifestyles might feel less
embarassed about admitting to auto-erotica than
others, so the results might contain a great deal of
skew.
But should we
In a message dated 1/14/04 11:16:54 AM, [EMAIL PROTECTED] writes:
In my view, there's nothing like real numbers to get your brain juices
flowing. Note the $20-30 million that the Fed pays to the US Treasury
each year. Exercise for the reader: why does it make that payment?
-gil
The
In a message dated 1/13/04 4:08:31 PM, [EMAIL PROTECTED] writes:
What would you suggest? How can I demonstrate, in a
relatively short period of time, that imposing equal
wages isn't the best way to organize the world?
I used to do this all the time with my students in history classes at Iowa.
Speaking of December 2003 and January 2004, in the spirit of all the
predictions made each year at this time by media talking heads I'd like to make the
following equally insightful predictions:
In 2004, the world will experience an earthquake, a flood, and some sunny
days. The US Post Office
In a message dated 12/7/03 4:03:55 PM, [EMAIL PROTECTED] writes:
So the question is, why at the zero rate was there not greater demand to
borrow? The answer may well be that the expected future inflation and
real
interest rates were highly uncertain, and the transaction costs of getting
and
In a message dated 12/7/03 12:40:04 PM, [EMAIL PROTECTED] writes:
Your story does have a certain plausibility. But you'd need to argue that
the huge increase in IQ that has been documented during this last century
isn't really an increase in intelligence. And doing that makes it harder
to take
In a message dated 12/3/03 1:53:31 PM, [EMAIL PROTECTED] writes:
This is completely wrong. The CPI-u is, and the CPI-x was, adjusted
for
quality changes (see http://www.bls.gov/cpi/home.htm ). The CPI-X
doesn't exist anymore.
So what price statistic wasn't adjusted for quality changes?
They
In a message dated 12/2/03 11:48:08 AM, [EMAIL PROTECTED] writes:
If you measure wages in desk calculators instead of dollars, I'm sure
they've gone up substantially! ;-)
--Robert
Yes, the BLS series uses CPI-u to deflate the nominal wage series. Since
CPI-u doesn't account for changes in
In a message dated 10/31/03 12:21:31 PM, [EMAIL PROTECTED] writes:
So why not just use federal paper dollars for that?
Because if you get caught, you'll pay for it. In case of local currency,
the tax authorities do not bother as easily because of the cost and the
trouble with drawing the line
Dear Fred,
I have a conservative Christian friend in Iowa who supports the laws against
drug use but will that they violate our God-given right to liberty. He says
he's just not emotionally prepared to abandon his support for drug prohibition.
That seems like a fairly clear cause of conscious
People probably came to and went from Iceland much more frequently than we
might presuppose. People traveled among Iceland and the continent (Norway
primarily), Greenland and Vineland quite a bit, according to the available sources,
until the Little Ice Age set in during the Middle Ages. Under
In a message dated 9/4/03 11:03:22 PM, [EMAIL PROTECTED] writes:
No, this is a very serious point. Republican administrations are by
objective measure MORE socialist. Fundamentally, conservatives in this
country do not believe more in individual freedom than liberals. They
repeatedly seek
Yes, an consciously so. While I think it's clear that Republicans generally
push for much less government than Democrats do, I also think you're
disinclined to accept what seems manifest to me, and since as you know I haven't slept
much for the past 10 days, I don't have the energy to write a
In a message dated 9/4/03 8:38:09 AM, [EMAIL PROTECTED] writes:
Illegals knowingly break federal law. Many libertarians say they only break
laws that shouldn't exist anyway. But this made me wonder. The overwhelming
majority of illegal immigrants do not have libertarians views (to put it
mildly).
Or, to quote Hayek, as socialists of all parties.
David Levenstam
In a message dated 9/3/03 3:57:29 PM, [EMAIL PROTECTED] writes:
And with the budget under the Bush Administration outsocializing the
socialist Clinton by triple and growing (in social spending alone) it isn't
clear that there
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 path
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
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 AdsNo
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
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 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.
DBL
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 broke
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 famous
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,
everything from
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
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
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
starvation
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 to prevent political
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 course presumes
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 of
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
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 of
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.
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
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
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 values
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. It is
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
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 a school
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 it
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 got to
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 bit of
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 engaged
in
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
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 1/17/03 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
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
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: The poll tax is what got Maggie Thatcher thrown out of office
in the UK.
The problem is that different
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 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 tax. He pays nothing and he thinks he's entitled to pay
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 1/15/03 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 explanation
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 passed
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
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
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
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
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 with
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
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 all. What sin or sins
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 liberals.
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:
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
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 Colorado
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 may
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
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.
David
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