RE: Republican Reversal

2002-07-16 Thread fabio guillermo rojas
> In the real world we have almost 600 in Congress, dealing with > innumerable matters more or less simultaneously. One of the things each > CongressCritter does is to decide what to do not about, say, farm > subsidies generally, but about SB1234, sponsored by Sen. This and Sen. > That, which g

Re: Republican Reversal

2002-07-16 Thread Bryan D Caplan
Fred Foldvary wrote: > Does the typical American agree, for example, that it is good > policy to spend billions on farm subsidies, or are they just ignorant and > apathetic? I don't know of any survey evidence on this exact question, but protection and industrial policy to "save jobs" are very p

RE: Republican Reversal

2002-07-16 Thread john hull
--- Michael Etchison <[EMAIL PROTECTED]> wrote: "CongressCritter does is to decide what to do not about, say, farm subsidies generally, but about SB1234, sponsored by Sen. This and Sen. That, which goes through specific committees with specific members..." So the farm bill never went to the floo

RE: Republican Reversal

2002-07-16 Thread Michael Etchison
Fred Foldvary: >Does the typical American agree, for example, that it is good policy to spend billions on farm subsidies, or are they just ignorant and apathetic?< But that is not an example of anything that happens in the real world. In the real world we have almost 600 in Congress, dealing w

Re: Republican Reversal

2002-07-16 Thread Fred Foldvary
> These are all good comments on the Republican reversal. Thus, I take it > that the list agrees that democracy works pretty well in reflecting the > wishes of the voters. > Alex I don't agree. What about the large literature on voter ignorance and rent seeking? Does the typical American agree

Interview with Gary Becker

2002-07-16 Thread Carl Close
Title: Interview with Gary Becker Dear Armchairs, Here's an interesting interview that may prompt some discussion Carl - An economist can't decide if he should marry a woman. So he lists her pros and cons in two columns with "+" and "-". Now suppose she finds out... http://minneapolisf

Re: Index mutual funds

2002-07-16 Thread William Dickens
>Do you seriously find this exercise helpful? Couldn't you just as >easily back out the (von Neumann-Morgenstern, I presume) utility >function you need to get an introspectively plausible answer? In other >words, if you feel nervous with a SD of 20% of the mean, could looking >at utility functio

Re: Silent Takeover--IMO??

2002-07-16 Thread Anton Sherwood
john hull wrote: > What does "IMO" mean? In My Opinion. You'll also see IMH(umble)O, whence IMNSHO ... IMO is also a brand of sour cream or some such. -- Anton Sherwood, http://www.ogre.nu/

RE: Silent Takeover--IMO??

2002-07-16 Thread Kevin Carson
Sorry. It means "in my opinion." >From: john hull <[EMAIL PROTECTED]> >Reply-To: [EMAIL PROTECTED] >To: [EMAIL PROTECTED] >Subject: RE: Silent Takeover--IMO?? >Date: Mon, 15 Jul 2002 20:54:47 -0700 (PDT) > >--- Kevin Carson <[EMAIL PROTECTED]> wrote: >"The chief failing of the mainstream >"anti