All Hail Creative Commons

2002-02-18 Thread Charles Brown
All Hail Creative Commons Stanford professor and author Lawrence Lessig plans a legal insurrection By Hal Plotkin, Special to SF Gate February 11, 2002 http://www.sfgate.com/cgi-bin/article.cgi?file=/gate/archive/2002/02/11/creatcom.DTL Stanford law professor and author Lawrence Lessig and a

NATIONAL MARCH IN WASHINGTON AGAINST WAR RACISM!-

2002-02-18 Thread Charles Brown
NATIONAL MARCH IN WASHINGTON AGAINST WAR RACISM!- SATURDAY, APRIL 27 please post widely - (preceded by a week of mass actions) -West Coast mobilization in San Francisco- Tell President Bush: * WE DEMAND MONEY FOR JOBS, EDUCATION, HOUSING HEALTHCARE - NOT FOR WAR CORPORATE GIVEAWAYS! *

Double tax on savings

2002-02-18 Thread Eric Nilsson
Does anyone know the origin of the phrase double tax on savings. I'm teaching public finance and must address the issue of double taxation on savings as the textbook makes a big deal out of it. For the life of me I don't see how taxing income and then taxing capital gains/interest constitutes

RE: Double tax on savings

2002-02-18 Thread Davies, Daniel
Dividends (under a classical rather than imputation system) are paid out of income on which corporation tax has already been paid, but are counted as taxable income to the stockholder. -Original Message- From: Eric Nilsson [mailto:[EMAIL PROTECTED]] Sent: 18 February 2002 18:39 To: Pen-l

Won't this squeeze investment and make recovery more difficult?

2002-02-18 Thread Charles Brown
Won't this squeeze investment and make recovery more difficult ? Charles ^ For the past few months, I have repeatedly warned about the commercial papers market freezing up. It precipated the Enron and Global Crossing bankruptcies. Now it is widespread. The mother of all CP issuers is of

politeness

2002-02-18 Thread Rakesh Bhandari
What is politeness? It involves--says an old anthro book--recognition that every competent adult member of a community has a public self image, a face and thus a fear of losing face (humiliation or embarrassment) as a result of being insulted or ignored. To be polite is to attend to face in

RE: Double tax on savings

2002-02-18 Thread Max B. Sawicky
Have you got two weeks? I've written a lengthy underground (i.e., unpublished) masterpiece on this issue. The idea is that if you receive a dollar of wage income that is subject to tax, then save a portion of the remainder, the tax on returns to saving the remainder is a 'second' tax on the

RE: RE: Double tax on savings

2002-02-18 Thread Eric Nilsson
Thanks Max for the information and for sharing part of your underground classic. Max wrote, A more neutral way of describing this is to note that if you earn a dollar and save it, as opoosed to spending it immediately, you pay more tax in the first case then in the second. To help me

on the dollar, debt, credit and inflation

2002-02-18 Thread Steve Diamond
A useful discussion by Peter Warburton, whose book Debt and Deflation is a valuable read (many on this list are no doubt familiar with Warburton but this column seems a useful reminder of the kind of world we live in.) The debasement of world currency: it is inflation, but not as we know it by

Another Bushism

2002-02-18 Thread Michael Perelman
Ian suggested that I send this to the list. Monday, Feb. 18, 2002 Bush in Deflation-Devaluation Debacle TOKYO (Reuters) - President Bush's wayward way with words sent financial markets wobbling Monday when he mixed up deflation and devaluation. Traders couldn't believe their ears when Bush

Re: politeness

2002-02-18 Thread Michael Perelman
Ruthless criticism, as I understand, means a willingness to follow analysis for every may lead. And if your main interest is in furthering ideas, then politeness and respectful communication with seem to be the best strategy. Rakesh Bhandari wrote: I also think the importance of freeing our

Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Michael Perelman
This is very interesting. Where did it appear? Steve Diamond wrote: The avalanche of non-bank credit that has swept across the economic landscape over the past 20 years has altered it beyond recognition. On the one hand, it has enabled the monetary aggregates to grow much more slowly than

Re: All Hail Creative Commons

2002-02-18 Thread Michael Perelman
Lessig gave my forthcoming book a very generous blurb. Charles Brown wrote: All Hail Creative Commons Stanford professor and author Lawrence Lessig plans a legal insurrection -- Michael Perelman Economics Department California State University [EMAIL PROTECTED] Chico, CA 95929

Link for Warburton piece

2002-02-18 Thread Steve Diamond
http://www.gold-eagle.com/gold_digest_01/warburton041801.html Stephen F. Diamond School of Law Santa Clara University [EMAIL PROTECTED]

Japan stock-buying body to detail timetable soon

2002-02-18 Thread Ulhas Joglekar
The Financial Express February 13, 2002 Japan stock-buying body to detail timetable soon Tokyo, February 12: Japan's stock-buying body will decide soon on the period during which banks will be able to sell it their unwanted stockholdings, an official at the body said on Tuesday. Banks'

RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Devine, James
this author writes: The avalanche of non-bank credit that has swept across the economic landscape over the past 20 years has altered it beyond recognition. On the one hand, it has enabled the monetary aggregates to grow much more slowly than the credit aggregates, helping to keep inflation

RE: Link for Warburton piece

2002-02-18 Thread Devine, James
gold bugs! -- Jim Devine -Original Message- From: Steve Diamond To: [EMAIL PROTECTED] Sent: 2/18/02 3:41 PM Subject: [PEN-L:22981] Link for Warburton piece http://www.gold-eagle.com/gold_digest_01/warburton041801.html

Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Michael Perelman
I think that the massive power of speculators can overwhelm central bankers. I recall that Doug H. was skeptical of this view. Devine, James wrote: Michael Perelman writes: Doesn't this mean that the central banks have much less power? yes, since the CB controls money but not credit. But

Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread phillp2
what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. JDevine And the excess capacity in manufacturing world wide that has increased competition and prevented the excercize of monopoly pricing. No? Paul Phillips,

Warburton and gold

2002-02-18 Thread Steve Diamond
This particular Warburton piece was posted by gold bugs but he is not a gold bug per se. He is fanatic about debt - and who can blame him? What he and others like David Tice and Doug Noland contend is that non-money forms have distorted the economy. That is the strength of their argument in my

Re: politeness

2002-02-18 Thread Doyle Saylor
Greetings Economists, Rakesh makes some points he feels strongly about, Rakesh, recognition that every competent adult member of a community has a public self image, a face and thus a fear of losing face (humiliation or embarrassment) as a result of being insulted or ignored. To be polite

Re: on the dollar, debt, credit and inflation

2002-02-18 Thread enilsson
Jim writes, what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. The first two certainly have help lots. But I'm no convinced about the high dollar. After all if the dollar is high then other currencies are low. But the other

RE: Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Devine, James
what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. JDevine And the excess capacity in manufacturing world wide that has increased competition and prevented the excercize of monopoly pricing. right. Jim D.

Re: Re: RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Christian Gregory
Structural endogeneity --the branch [of the theory of monetary endogeneity] that appeals to [Robert] Pollin and me--holds that central bank attempts to constrain the growth of credit are frequently evaded through creative finance (Wall Street 218). I wonder if, pace Warburton's article, the

RE: Warburton and gold

2002-02-18 Thread Devine, James
Steve Diamond writes:This particular Warburton piece was posted by gold bugs but he is not a gold bug per se. He is fanatic about debt - and who can blame him? What he and others like David Tice and Doug Noland contend is that non-money forms have distorted the economy. That is the strength of

Re: RE: Re: RE: Re: on the dollar, debt, credit and inf lation

2002-02-18 Thread Michael Perelman
Not disagreeing, but monopoly pricing has also caused excessed capacity, by restricting demand. In my IP book and in my new Pathology book, I try to make the case that we have a 2 tier economy. Cars, food, etc. are commodities with low profit margins. Goods with IP protection are monopoly-like

RE: Re: on the dollar, debt, credit and inflation

2002-02-18 Thread Devine, James
I wrote:what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. Eric says: The first two certainly have help lots. But I'm no convinced about the high dollar. After all if the dollar is high then other currencies are low. But the

Re: Axis of Evil: Poindexter

2002-02-18 Thread Tom Walker
Michael Perelman wrote, Bush is bringing back everybody except Fawn Hall. Maybe she is next. Not likely. Fawn ratted, however reluctantly. I've been poindering the Pondexter appointment all day and I think I've solved the riddle. The Bush II admin needn't have appointed Abrams, Reich,

A new kind of combat

2002-02-18 Thread Tom Walker
What Poindexter is up to. http://www.fcw.com/fcw/articles/2001/0917/news-genoa-09-17-01.asp Tom Walker

excess capacity and credit

2002-02-18 Thread Steve Diamond
what's kept inflation low in the US has been low oil prices, low raw material prices in general, and the high dollar. JDevine And the excess capacity in manufacturing world wide that has increased competition and prevented the excercize of monopoly pricing. No?

preempting nefarious acts

2002-02-18 Thread Tom Walker
here's the latest on the John Firewall Poindexter caper: http://www.fcw.com/fcw/articles/2002/0218/web-darpa-02-18-02.asp Feb 18, 2002, DARPA spokeswoman confirms appointment. Tom Walker

preempting nefarious acts II

2002-02-18 Thread Tom Walker
From the CPSR Newsletter, Winter 1993: Computer Security Authority During the 1980s a debate arose in Washington about whether authority for computer security shouId be entrusted to a civilian agency or an intelligence agency. A presidential directive signed by President Reagan, NSDD-145

what is total information awareness?

2002-02-18 Thread Tom Walker
The Information Awareness Office (IAO) develops and demonstrates information technologies and systems to counter asymmetric threats by achieving total information awareness useful for preemption, national security warning and national security decision-making. http://www.darpa.mil/iao/ Tom

Grassroots Democracy?

2002-02-18 Thread Michael Hoover
February 14, 2002 by the Inter Press Service Argentina's Rebellion in the Neighborhoods by Marcela Valente BUENOS AIRES, Feb 13 - Neighborhood assemblies are springing up in cities throughout Argentina, particularly in the capital and surrounding areas, as a groundswell of people seek to