On Dec 9, 2008, at 1:40 PM, John Williams wrote:
> On Tue, Dec 9, 2008 at 10:14 AM, Dave Land <[EMAIL PROTECTED]> wrote:
>
>> Folks: unless you want more like this -- and see above, it's all
>> there
>> is -- don't feed the troll.
>
> The problem with feeding the troll is that once you start, i
On Tue, Dec 9, 2008 at 10:14 AM, Dave Land <[EMAIL PROTECTED]> wrote:
> Folks: unless you want more like this -- and see above, it's all there
> is -- don't feed the troll.
The problem with feeding the troll is that once you start, it is hard
to stop. Much like our government bailing out the fina
http://econlog.econlib.org/archives/2008/12/my_planned_oral.html
by Arnold Kling
Chairman Waxman, Ranking Member Davis, and Distinguished Members of
the Committee:
It is a privilege to be asked to testify in this forum today regarding
the collapse of Fannie Mae and Freddie Mac and the ongoing fi
On Dec 9, 2008, at 9:55 AM, John Williams wrote:
> On Tue, Dec 9, 2008 at 7:26 AM, 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.
>>
>> Actually, they aren't my rules.
>
http://media.nbcchicago.com/documents/rrb+-jh+FINAL+complaint+cover+and+aff.pdf
"Defendants ROD BLAGOJEVICH and JOHN HARRIS, together with others,
offered to, and threatened to withhold from, the Tribune Company
substantial state financial assistance in connection with Wrigley
Field, which assista
http://media.nbcchicago.com/documents/rrb+-jh+FINAL+complaint+cover+and+aff.pdf
Some quotes:
With respect to the Senate seat, Deputy Governor A suggested
putting together a list of things that ROD BLAGOJEVICH would accept in
exchange for the Senate seat. ROD BLAGOJEVICH responded that the
l
On Tue, Dec 9, 2008 at 9:36 AM, Dan M <[EMAIL PROTECTED]> wrote:
>
>
>> Hah! Money is no longer on the gold standard and is completely and
>> totally a social contract dependent on the whims of societies and
>> markets and the fiat of governments.
>
> Libertarians pretend that all would be well wh
On Tue, Dec 9, 2008 at 2:23 AM, Alberto Monteiro
<[EMAIL PROTECTED]> wrote:
>
> Doug Pensinger quoted:
>>
>> (libertarians) Their heroic view of capitalism makes it difficult
>> for them to accept that markets can be irrational, misunderstand
>> risk and misallocate [WINDOWS-1252?]resources—or that
On Tue, Dec 9, 2008 at 7:26 AM, 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.
>
> Actually, they aren't my rules.
Don't like to take responsibility for your actions, huh?
> Hah! Money is no longer on the gold standard and is completely and
> totally a social contract dependent on the whims of societies and
> markets and the fiat of governments.
Yup. And, if you looked at gold, it has bounced up and down, like all the
other commodities. In 2008 dollars here
> > Well, I was hoping to set the ground rules for discussion.
>
> You do like trying to impose your rules on others, don't you.
Actually, they aren't my rules. The rules I was proposing were the general
rules of experimental inquiry that I have learned.
I have also observed that folks who foll
Doug Pensinger quoted:
>
> (libertarians) Their heroic view of capitalism makes it difficult
> for them to accept that markets can be irrational, misunderstand
> risk and misallocate [WINDOWS-1252?]resourcesor that financial
> systems without vigorous government oversight constitute a recipe
>
Max Battcher wrote:
>
> (I think the
> analogy between economics and electricity is particularly useful and
> perhaps under-explored. I'd love to see more economists use circuit
> diagrams...)
>
Probably because electricity is too deterministic, and economics is too
random. OTOH, economy has
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