Re: Financial institution fallout

2008-12-08 Thread Nick Arnett
On Sun, Dec 7, 2008 at 8:36 PM, John Williams [EMAIL PROTECTED]wrote: 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

RE: Financial institution fallout

2008-12-08 Thread Dan M
-Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of John Williams Sent: Sunday, December 07, 2008 12:40 PM To: Killer Bs (David Brin et al) Discussion Subject: Re: Financial institution fallout On Sat, Dec 6, 2008 at 9:51 PM, Dan M [EMAIL PROTECTED]

Re: Financial institution fallout

2008-12-08 Thread John Williams
On Mon, Dec 8, 2008 at 7:32 AM, Nick Arnett [EMAIL PROTECTED] wrote: The purpose of a system is not the same as what it produces. If it were, buying a word processor would make you a novelist. More egotism. Everyone in the markets must do what Nick wants them to do!

Re: Financial institution fallout

2008-12-08 Thread John Williams
On Mon, Dec 8, 2008 at 8:13 AM, Dan M [EMAIL PROTECTED] wrote: Here is where you differ with 96% of people. Most people don't worry about the purity of the economic system. They worry about their lives and the lives of the other people in the nation and the world. I am not worried about the

RE: Financial institution fallout

2008-12-08 Thread Dan M
-Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of John Williams Sent: Monday, December 08, 2008 12:15 PM To: Killer Bs (David Brin et al) Discussion Subject: Re: Financial institution fallout On Mon, Dec 8, 2008 at 7:32 AM, Nick Arnett [EMAIL

Re: Financial institution fallout

2008-12-08 Thread John Williams
On Mon, Dec 8, 2008 at 10:36 AM, Dan M [EMAIL PROTECTED] wrote: So, as members of that society, we on Brin-L choose to debate what is best. That's not egotism. Of course debating is not egotism. But saying that everyone participating in a market must serve the purpose you want them to serve

RE: Financial institution fallout

2008-12-08 Thread Dan M
-Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of John Williams Sent: Monday, December 08, 2008 12:24 PM To: Killer Bs (David Brin et al) Discussion Subject: Re: Financial institution fallout On Mon, Dec 8, 2008 at 8:13 AM, Dan M [EMAIL PROTECTED]

Re: Financial institution fallout

2008-12-08 Thread Nick Arnett
On Mon, Dec 8, 2008 at 10:15 AM, John Williams [EMAIL PROTECTED]wrote: On Mon, Dec 8, 2008 at 7:32 AM, Nick Arnett [EMAIL PROTECTED] wrote: The purpose of a system is not the same as what it produces. If it were, buying a word processor would make you a novelist. More egotism. Everyone in

Re: Financial institution fallout

2008-12-08 Thread John Williams
On Mon, Dec 8, 2008 at 11:08 AM, Dan M [EMAIL PROTECTED] wrote: No, I was asking simple questions about techniques. Discussions between people on a paper, results, etc. depend on agreement on techniques for evaluation. I asked whether you agreed on a few essential techniques of empirical

Re: Financial institution fallout

2008-12-08 Thread xponentrob
- Original Message - From: John Williams [EMAIL PROTECTED] To: Killer Bs (David Brin et al) Discussion brin-l@mccmedia.com Sent: Monday, December 08, 2008 2:37 PM Subject: Re: Financial institution fallout On Mon, Dec 8, 2008 at 11:08 AM, Dan M [EMAIL PROTECTED] wrote: No, I was

Re: Financial institution fallout

2008-12-08 Thread Nick Arnett
On Mon, Dec 8, 2008 at 1:35 PM, xponentrob [EMAIL PROTECTED] wrote: The rest of us are laughing too, but for different reasons I'm sure. I certainly am, without even checking all the references. xponent Myth-Adventure Maru rob ___

RE: Financial institution fallout

2008-12-08 Thread Max Battcher
John Williams wandered around the point: On Mon, Dec 8, 2008 at 11:08 AM, Dan M [EMAIL PROTECTED] wrote: That's not the point being argued. You see, all but a few people understand that money is a placeholder; it is a social construct. Numbers in a computer or pieces of paper with

RE: Financial institution fallout

2008-12-08 Thread Dan M
John Williams wrote: No, you were rambling on with nonsense, failing to address a single argument in the Higg's paper. Well, I was hoping to set the ground rules for discussion. But, I have two obvious comments on the Higgs paper. First, his statement about the relatively poor rebound from

RE: Financial institution fallout

2008-12-08 Thread Dan M
First, his statement about the relatively poor rebound from the depression under FDR is falsified by historical data. 33-37 was the best rebound since yearly records were kept. (1880). Whoops, that should be `1870. And, with the Civil War and all, one really needs to go back to before 1860

Re: Financial institution fallout

2008-12-08 Thread John Williams
On Mon, Dec 8, 2008 at 4:30 PM, Dan M [EMAIL PROTECTED] wrote: Well, I was hoping to set the ground rules for discussion. You do like trying to impose your rules on others, don't you. First, his statement about the relatively poor rebound from the depression under FDR is falsified by

The Libertarians’ Lament

2008-12-08 Thread Doug Pensinger
http://www.slate.com/id/2202489/ excerpt: The best thing you can say about libertarians is that, because their views derive from abstract theory, they tend to be principled and rigorous in their logic. Those outside of government at places like the CATO Institute and Reason magazine are just as

Re: Financial institution fallout

2008-12-08 Thread Euan Ritchie
You are just trying to rationalize taking wealth from others because you think you know how to spend it better than they do. As it happens, I think I do know how better to spend some peoples money than they do themselves. If that's someone's only objection to taxation then they can rest