Re: Horses and Subsistence Farming

2003-08-22 Thread Fred Foldvary
farmer gets a horse, but that is to achieve, rather than rise above, subsistence. Fred Foldvary = [EMAIL PROTECTED]

Re: immigration: net gain or net drain?

2003-09-03 Thread Fred Foldvary
rent their premises would get no surplus from being employers. Fred Foldvary = [EMAIL PROTECTED]

Re: intellectual property

2003-09-17 Thread Fred Foldvary
also agrees not to sell the book. It would be like a covenant that goes with the book. Fred Foldvary = [EMAIL PROTECTED]

Re: gold rush

2003-10-02 Thread Fred Foldvary
. Also, the price of gold was depressed for so long that once demand rose, others took note and bought. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is local currency good or bad or neither?

2003-10-31 Thread Fred Foldvary
--- Sampo Syreeni [EMAIL PROTECTED] wrote: On 2003-10-30, Fred Foldvary uttered: So basically this is a response to credit constraints. Another reason people may be inclined to use local currencies is that the narrow circulation and informal accounting usually associated with them make

Re: financial leverage

2003-10-31 Thread Fred Foldvary
maturity, then yes, you will have a profit if the inflation rate has not risen to offset the after-tax gain. If the interest you pay on your borrowed funds is tax-deductible but the interest you receive is not taxable, so much the better. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is local currency good or bad or neither?

2003-10-31 Thread Fred Foldvary
are not crying. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is local currency good or bad or neither?

2003-10-31 Thread Fred Foldvary
. Fred Foldvary = [EMAIL PROTECTED]

Re: Inflation-Free Currency

2003-11-27 Thread Fred Foldvary
hours exchange with dollars or euros. They are trading an hour of labor for a pound of carrots regardless of the exchange rates with fiat money. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is a dollar today worth more than a dollar tomorrow?

2003-12-05 Thread Fred Foldvary
? Sampo Syreeni, aka decoy - mailto:[EMAIL PROTECTED], tel:+358-50-5756111 That does not explain it, because many folks would save SOME of their income even if the interest rate were zero. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is a dollar today worth more than a dollar tomorrow?

2003-12-05 Thread Fred Foldvary
come close to. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is a dollar today worth more than a dollar tomorrow?

2003-12-06 Thread Fred Foldvary
demanded for loans exceeds the quantity of loanable funds from savings, so this scarcity drives up the rate just as with other prices. Fred Foldvary = [EMAIL PROTECTED]

Re: Real wages constant since 1964?!

2003-12-06 Thread Fred Foldvary
If you measure wages in desk calculators instead of dollars, I'm sure they've gone up substantially! ;-) --Robert And if you measure wages in units of a real-estate price index, they have gone down substantially! Fred Foldvary = [EMAIL PROTECTED]

Re: Real wages constant since 1964?!

2003-12-06 Thread Fred Foldvary
the per-capita increase in GDP is exagerated. Fred Foldvary = [EMAIL PROTECTED]

Re: Why is a dollar today worth more than a dollar tomorrow?

2003-12-07 Thread Fred Foldvary
more borrowing, other things equal, but with higher inflation and greater business uncertatainty, other things may not be equal. Fred Foldvary = [EMAIL PROTECTED]

tax credit for housing?

2003-12-07 Thread Fred Foldvary
of housing, which then requires a bigger credit. The credit reduces tax revenue, and so for a given budget, other taxes get increased, so the result is further distortion of prices and a greater excess burden on the economy. This treats the symptom rather than cure the cause. Fred Foldvary = [EMAIL

Re: why aren't we smarter?

2003-12-08 Thread Fred Foldvary
go hand in hand. David Levenstam Success in what? Many high-IQ persons do not have wealth as their highest goal. Also, chance falls equally on the high and low IQs. Fred Foldvary = [EMAIL PROTECTED]

Re: Too many choices

2004-01-06 Thread Fred Foldvary
and less happy. What data makes it seem so? What do list members think of this? Where's the evidence? If people are too affluent, could they give some of their money away and become happier? This is in fact what many of them do. Fred Foldvary = [EMAIL PROTECTED]

The blue line

2004-01-13 Thread Fred Foldvary
it, and whether onecan removeit in replying. Fred Foldvary

Re: increases money supply over time?

2004-01-14 Thread Fred Foldvary
Fred Foldvary Wrote: The Fed buys bond and in effect pays with a check. john hull [EMAIL PROTECTED] wrote: To buy back bonds, it must have sold them at some time in the past. No. The Fed does not buy the bonds back. They buy bonds in the market, just as any buyer would. If you buy bonds

Re: spamonomics

2004-01-21 Thread Fred Foldvary
that there is magic, e.g. Santa Claus and the tooth fairy. If parents would keep it real with children, children would be less likely to belive in getting something for nothing or something beyond the possibility frontier. Fred Foldvary

Re: [armchair] Re: spamonomics

2004-01-22 Thread Fred Foldvary
Fraud is not part of the market. Fred Foldvary --- Ron Baty [EMAIL PROTECTED] wrote: Fraud should not be part of the market but always has been and will likely continue to be part of any realistic market A pure market consists of voluntary economic acts, and theft, including fraud, has

Re: Private urban green space

2004-07-30 Thread Fred Foldvary
green space, as do land trusts and proprietary communities such as Walt Disney World. See my book * Public Goods and Private Communities *, chapters on Arden Village, the Reston Association and Walt Disney World. Fred Foldvary

Re: Private urban green space

2004-08-01 Thread Fred Foldvary
goods are facts to which economists apply theory like any phenomenon. There is nothing inherently good or bad about public goods. Fred Foldvary

Re: Private urban green space

2004-08-03 Thread Fred Foldvary
public as in public sector. Collective goods can be provided by private firms or by government. Solved publicly is ambiguous because it can mean solved by a group or solved by government officials. Fred Foldvary

Re: lotteries and elections

2004-09-02 Thread Fred Foldvary
time cost of casting the ballot. Fred Foldvary

Re: lotteries and elections

2004-09-07 Thread Fred Foldvary
is that by not casting a ballot, one has voted to let the others decide, so if you later complain, you contradict yourself. Fred Foldvary

Re: lotteries and elections

2004-09-08 Thread Fred Foldvary
On Tue, 7 Sep 2004, Fred Foldvary wrote: Of course one has a right to complain, but what is meant is that by not casting a ballot, one has voted to let the others decide, so if you later complain, you contradict yourself. ... You're offering a fixed coin here. Heads I don't vote and I

Re: libertarian paternalism

2004-12-24 Thread Fred Foldvary
? No freedom is lost. It is not immoral, since there is no coercion. One situation where this question comes up is in designing 401k plans. What exactly is the moral issue? Fred Foldvary

Re: Interest rates and housing

2005-08-18 Thread Fred Foldvary
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 exception is an inflationary boom that is not a real economic

Re: Interest rates and housing

2005-08-19 Thread Fred Foldvary
Are you saying that there's a real cycle of real estate that takes 18 years from (from peak to peak or from peak to trough?)? David That is the usual cycle, although there are exceptions. That seems different from your initial contention that the current bubble has been caused by

Re: Interest rates and housing

2005-08-19 Thread Fred Foldvary
If the real estate cycle is based on government expansion of money, David It is based on that and also on fiscal policy and the inherent nature of real estate rentals and construction. why has it been the same under three or four different monetary systems? It does not matter much to the

Re: Katrina and the Evacuation: Market Failure?

2005-09-07 Thread Fred Foldvary
be culpable. Today, everybody expects the cavalry that trots to the rescue to be governmental. Fred Foldvary

Re: Katrina and the Evacuation of the Poor and Infirm: Market Failure?

2005-09-07 Thread Fred Foldvary
slaughters, Rwanda genocide, etc. Fred Foldvary

paid parking a market failure?

2005-10-13 Thread Fred Foldvary
? Fred Foldvary

Re: paid parking a market failure?

2005-10-14 Thread Fred Foldvary
--- Ricardo Gambirasio [EMAIL PROTECTED] wrote: I fail to see what's so special about parking. Parking as such is indeed not a special case. It only illustrates the general case. also in software, I don't see how software, etc., are similar. With software, shoes, etc., I pay for actual use

Re: paid parking a market failure?

2005-10-14 Thread Fred Foldvary
? Fred Foldvary

Re: paid parking a market failure?

2005-10-14 Thread Fred Foldvary
fountains have no charge. Lots of services are priced at zero. Fred Foldvary

Re: paid parking a market failure?

2005-10-14 Thread Fred Foldvary
when the lot is full? Fred Foldvary

Re: paid parking a market failure?

2005-10-14 Thread Fred Foldvary
to an allocation with prices. No, that is not a correct inference. Is the marginal consumer the last to get a space, or the first to be turned away? It is the next one to get a space. Nobody gets turned away, because when the lot is full, there is a positive price. Fred Foldvary

Re: paid parking a market failure?

2005-10-16 Thread Fred Foldvary
than zero, there being no free alternative, why would the lot owner not charge a positive price? Fred Foldvary

Re: Median Wages

2007-04-13 Thread Fred Foldvary
greater productivity. Fred Foldvary Santa Clara University