Re: Financial institution fallout

2008-12-07 Thread Doug Pensinger
On Sun, Dec 7, 2008 at 6:58 PM, Doug Pensinger <[EMAIL PROTECTED]> wrote: > John Williams wrote: > >> On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: >>> I still have to build something with my understanding and it doesn't >>> help for people to keep saying 'let it sort itse

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sun, Dec 7, 2008 at 6:31 PM, Nick Arnett <[EMAIL PROTECTED]> wrote: > We rely on markets to be regulatory mechanisms, feedback loops > that reward the efficient and penalize the inefficient. What an egotistical statement. Why not say that you would like markets to do what you want them to do

Re: Financial institution fallout

2008-12-07 Thread Doug Pensinger
John Williams wrote: > On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: >> I still have to build something with my understanding and it doesn't >> help for people to keep saying 'let it sort itself out' because hammers, >> wood and nails won't, no matter how much I will valu

Re: Financial institution fallout

2008-12-07 Thread Nick Arnett
On Sun, Dec 7, 2008 at 10:53 AM, John Williams <[EMAIL PROTECTED]>wrote: > > But your statement above is not particularly insightful either. To say > that the market failed is either wrong or meaningless. The market is > made up of many participants each trying to achieve their own goals. > The ma

Economics comment

2008-12-07 Thread David Hobby
Hi. I was just reading the comments on a post at Crooked Timber on how/if WW II ended the Great Depression: http://crookedtimber.org/2008/12/07/the-economic-lessons-of-world-war-ii/ And found this gem: > HH 12.07.08 at 5:26 pm > > The bottom line on WWII economic stimulus is that weapons in war

Re: Financial institution fallout

2008-12-07 Thread Ronn! Blankenship
At 03:28 PM Sunday 12/7/2008, John Williams wrote: >On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: > > I still have to build something with my understanding and it doesn't > > help for people to keep saying 'let it sort itself out' because hammers, > > wood and nails won't,

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: > I still have to build something with my understanding and it doesn't > help for people to keep saying 'let it sort itself out' because hammers, > wood and nails won't, no matter how much I will value the house, > construct on

Re: Financial institution fallout

2008-12-07 Thread Euan Ritchie
> To say that the market failed is either wrong or meaningless. If I understand this correctly it was meant that markets can't fail in the same way physics isn't failing if you fall to your death having driven off a cliff. However a person saying the 'markets failed' isn't unnecessarily claiming

RE: Financial institution fallout

2008-12-07 Thread jamespv
>Actually, Rand's hero's are in line there too. :-) They are heroes in her book >because they >are successful. In reality, the private market failed, and needs >the government...even >according to its bible. This idea that the private market failed and needs the government? Who is the government

Re: Anathem

2008-12-07 Thread Julia Thompson
On Sun, 7 Dec 2008, John Williams wrote: > On Sun, Dec 7, 2008 at 6:50 AM, Julia Thompson <[EMAIL PROTECTED]> wrote: > >> Oh, and all those different words & terms? One of them is *much* better >> than our term, IMO. (But I think that's around page 620 or so.) >> >> And my favorite quote of th

Re: Anathem

2008-12-07 Thread John Williams
On Sun, Dec 7, 2008 at 6:50 AM, Julia Thompson <[EMAIL PROTECTED]> wrote: > Oh, and all those different words & terms? One of them is *much* better > than our term, IMO. (But I think that's around page 620 or so.) > > And my favorite quote of the book is on page 320. :) I've already given away

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sun, Dec 7, 2008 at 6:33 AM, Dan M <[EMAIL PROTECTED]> wrote: > Actually, Rand's hero's are in line there too. :-) They are heroes in her > book because they are successful. In reality, the private market failed, > and needs the government...even according to its bible. I've never read Ayn R

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sat, Dec 6, 2008 at 9:51 PM, Dan M <[EMAIL PROTECTED]> wrote: > I saw an interesting article from the bastion of free enterprise > publication, the WSJ, at > > http://online.wsj.com/article/SB122852289752684407.html > > Thus, the funds managers who > were prudent ether were converted or lost th

Re: Wal-Mart is evil, why it must be eradicated

2008-12-07 Thread Nick Arnett
On Sat, Dec 6, 2008 at 9:39 PM, Dan M <[EMAIL PROTECTED]> wrote: > > But, I think this recession will hit everyone, and a sinking tide lowers > all > boats. I know that investment bankers are nervous now. Both of them? :-) Nick ___ http://www.mccmed

Re: Anathem

2008-12-07 Thread Doug Pensinger
Julia wrote: > I'm not Doug, but I think treating yourself to a copy is an excellent > idea! I'll defer to Julia as she's finished it and I'm still working on the first half, but if you liked Cryptonomicon and the Baroque Cycle I'm pretty sure you'll like this one. Welcome to the list! Doug ___

Re: Anathem

2008-12-07 Thread Julia Thompson
On Sun, 7 Dec 2008, Martin Lewis wrote: > On Sun, Dec 7, 2008 at 2:50 PM, Julia Thompson <[EMAIL PROTECTED]> wrote: > >>> So has any one finished? >>> >>> I'm about 250 in and so far; very good. >> >> It takes a few turns, but when you get to the end, you realize that's >> where it was headed al

Re: Anathem

2008-12-07 Thread Julia Thompson
I'm not Doug, but I think treating yourself to a copy is an excellent idea! Julia On Sun, 7 Dec 2008, Danny O'Dare wrote: > Hi Doug, > > So what are your impressions of the book? I'm a big NS fan, but haven't got > "Anathem" yet. However, I'm thinking of treating myself for Xmas - a go

Re: Anathem

2008-12-07 Thread Martin Lewis
On Sun, Dec 7, 2008 at 2:50 PM, Julia Thompson <[EMAIL PROTECTED]> wrote: >> So has any one finished? >> >> I'm about 250 in and so far; very good. > > It takes a few turns, but when you get to the end, you realize that's > where it was headed all along. Yes, lots of big stuff still to happen.

Re: Anathem

2008-12-07 Thread Danny O'Dare
Hi Doug, So what are your impressions of the book? I'm a big NS fan, but haven't got "Anathem" yet. However, I'm thinking of treating myself for Xmas - a good idea, yes? Cheers, DANNY 2008/12/7 Doug Pensinger <[EMAIL PROTECTED]> > So has any one finished? > > I'm about 250 in and so far; very

Re: Anathem

2008-12-07 Thread Julia Thompson
On Sat, 6 Dec 2008, Doug Pensinger wrote: > So has any one finished? > > I'm about 250 in and so far; very good. > > Doug Yes. It totally rocks. It takes a few turns, but when you get to the end, you realize that's where it was headed all along. Oh, and all those different words & terms? On

RE: Financial institution fallout

2008-12-07 Thread Dan M
> -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On > Behalf Of Pat Mathews > Sent: Sunday, December 07, 2008 7:28 AM > To: Brin List > Subject: RE: Financial institution fallout > > > Yeah. I've been watching this unroll. Though to my shock and horror, I've > ac

RE: Financial institution fallout

2008-12-07 Thread Pat Mathews
Yeah. I've been watching this unroll. Though to my shock and horror, I've actually been seeing some of Rand's villains showing up in Washington whining for their bailouts ... I had dismissed her as over-the-top and preachy and impractical for decades! http://idiotgrrl.livejournal.com/