How do I convince New Agers that not everybody should get the same wage?

2004-01-13 Thread john hull
Since beautiful women make me stupid, and since I am a bit curious, I have become involved in a local currency project. One reoccuring theme is that everybody should be paid the same wage for their labor. Doctor or bagboy, judge or record store clerk, the only fair way to do things is for

Three Fed tools, which increases money supply over time?

2004-01-13 Thread john hull
I have blanked and I cannot shake it. My apologies for what seems a bonehead question. (Certainly not my first.) Old textbooks aren't helping me, either. There are three money supply tools used by the Fed. It can buy sell bonds, it can change the reserve requirement, or it can change the

Re: How do I convince New Agers that not everybody should get the same wage?

2004-01-13 Thread AdmrlLocke
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.

Re: How do I convince New Agers that not everybody should get the same wage?

2004-01-13 Thread Dimitriy V. Masterov
One line of reasoning is that people are simply different and these differences are important economically. Some people are simply better at doing certain things than others. For instance, Michael Jordan is a much better ball player than I am, and the public is willing to pay him a lot more than

The blue line

2004-01-13 Thread Fred Foldvary
You're at the bar with your buddies, and BillGates walks in through the door. Obviously the distribution of wealth hasbecome more unequal. But do you really feel worse off?--- I'd like to know how the annoying blue line at the left gets put into email, why one would inset it, and