Galbraith's new book on inequality

2002-02-09 Thread Bill Lear
Has anyone read James Galbraith's new book *Inequality and Industrial Change*, a collection of essays by Galbraith and a variety of co-authors? Tom Ferguson gave me a copy of one of the chapters for which he was co-author, The American Wage Structure: 1920-1947, which I thought was excellent.

Question on the term loan

2002-02-09 Thread Bill Lear
As I understand it, from my reading of Randy Wray and others, (all) money is essentially debt of one sort or another. I equate the term loan with debt. Is this correct? Second question: Let's say I have a retirement account and a vacation account. Let's say that from the retirement account I

Re: Re: Question on the term loan

2002-02-09 Thread Bill Lear
On Saturday, February 9, 2002 at 06:47:19 (-0800) Devine, James writes: Bill writes: As I understand it, from my reading of Randy Wray and others, (all)money is essentially debt of one sort or another. I equate the term loan with debt. Is this correct? there are two differences that I can

Re: Re: Question on the term loan

2002-02-10 Thread Bill Lear
On Sunday, February 10, 2002 at 15:58:56 (+) Michael Yaffey writes: Bill Lear wrote: As I understand it, from my reading of Randy Wray and others, (all) money is essentially debt of one sort or another. I equate the term loan with debt. Is this correct? In my usage, there's a difference

Re: campaign finance reform

2002-02-17 Thread Bill Lear
On Sunday, February 17, 2002 at 07:52:51 (-0800) Devine, James writes: In the US, liberals are quite excited by the prospect that the McCain-Feingold campaign finance reform bill has passed the House of Representatives in the shape of the Shays-Meehan bill and is quite likely to be re-endorsed by

Question about dutch disease

2002-02-24 Thread Bill Lear
According to investorwords.com, dutch disease is: The deindustrialization of a nation's economy that occurs when the discovery of a natural resource raises the value of that nation's currency, making manufactured goods less competitive with other nations,

Re: Re: Question about dutch disease

2002-02-25 Thread Bill Lear
On Sunday, February 24, 2002 at 20:40:53 (-0800) Eugene Coyle writes: Why wouldn't the cheaper natural resource, as an input to the productive process, lower the cost of manufactured goods and make them MORE competitive with other nations? Exactly my question. As I understand it, the US has

Re: Re: Dallas Smythe student

2002-02-25 Thread Bill Lear
On Monday, February 25, 2002 at 11:33:33 (-0500) Doug Henwood writes: Tom Walker wrote: This kind of hijacking selected words out of context and insinuating that they mean something else is pointless. I would say juvenile, but would be insulting to children. The context was the role of

Re: Re: Wade vs Wolf

2002-03-04 Thread Bill Lear
On Monday, March 4, 2002 at 18:57:45 (-0500) Doug Henwood writes: Devine, James wrote: In all of these income numbers, are non-market sources of subsistence measured? Is it possible that measured and reported gains in market income are cancelled out if one subtracts the effects of the abolition

Re: Re: Wade vs Wolf

2002-03-04 Thread Bill Lear
On Monday, March 4, 2002 at 18:56:42 (-0500) Doug Henwood writes: Michael Perelman wrote: Wasn't Wade's point that much of the increase in inequality was within countries rather than between them? Well yeah, but there's a tendency in left discourse to bracket out China, except to talk about

Re: Re: The Incomplet Recession

2002-03-10 Thread Bill Lear
On Saturday, March 9, 2002 at 22:35:26 (-0800) Tom Walker writes: I see the hair-shirt left-wing gloomster crowd is at it again wringing their hands in ghoulish glee at the misery that will befall the working class and lead lickety-split to the final conflict. When will you guys ever learn that

Re: Re: The Incomplete Recession

2002-03-10 Thread Bill Lear
On Sunday, March 10, 2002 at 16:29:16 () Seth Sandronsky writes: ... Officially, two million Americans can hardly be called fortunate. They languish in U.S. jails and prisons, filled disproportionately with black and brown people. No argument from me here. Nor does this of course exhaust the

Re: Re: The Incomplete Recession

2002-03-10 Thread Bill Lear
On Sunday, March 10, 2002 at 15:48:00 (-0600) Carrol Cox writes: Bill Lear wrote: I define slavery as a relation of compulsory subjection of one class of persons to another. The mechanism bonding a person from one class to a person from another class may vary --- ownership in chattel

Re: Re: The Incomplete Recession

2002-03-10 Thread Bill Lear
On Sunday, March 10, 2002 at 17:28:09 (-0800) Michael Perelman writes: Let's keep it cool. Fine, but let's also stipulate that we attack the argument that a person makes, instead of the fantasy du jour concocted in its stead, and that we refrain from issuing childish claims that arguments are

Re: Re: The Incomplete Recession

2002-03-10 Thread Bill Lear
On Sunday, March 10, 2002 at 20:18:49 (-0600) Carrol Cox writes: Bill Lear wrote: On Sunday, March 10, 2002 at 15:48:00 (-0600) Carrol Cox writes: Sorry -- tone wrong. Didn't mean to start a war. Graciously put, thank you. I'll try to be less bellicose myself. Bill

Re: Re: The Incomplete Recession

2002-03-10 Thread Bill Lear
On Sunday, March 10, 2002 at 18:27:36 (-0800) Rakesh Bhandari writes: In economic terms, the current rot can be traced to a business backlash against gains made by labor after WWII. Galbraith and Ferguson point out that government policy was vastly better 40 years ago than it is today, despite,

Re: hormones in our water

2002-03-22 Thread Bill Lear
On Friday, March 22, 2002 at 14:42:23 (-0800) Devine, James writes: Paul Phillips writes:The problem has arisen in Canada as a result of declining fish stocks. Apparently, it is not a problem of flushing pills down the drain but with so many women taking birth control pills, the concentration of

Re: inevitable textbook query

2002-04-10 Thread Bill Lear
On Monday, April 8, 2002 at 16:48:00 (-0700) Devine, James writes: is there a half-decent introductory microeconomics textbook out there? (One that isn't too filled with details.) I've recommended it before, and not sure I'd call it a textbook, but I really like Yanis Varoufakis, *Foundations of

Re: totalitarianism

2002-04-17 Thread Bill Lear
On Wednesday, April 17, 2002 at 09:24:23 (-0700) Devine, James writes: ... In any event, I don't see the USSR as totalitarian, simply because it didn't have very efficient labor-power markets (or other markets) of the sort that capitalism has. ... ... Yes, there's always a dictionary definition.

Re: Binary scheme of democracy and centralism

2002-04-18 Thread Bill Lear
On Thursday, April 18, 2002 at 11:14:50 (-0400) Charles Brown writes: ... CB: In using your model, I would say that even though there is a partially democratic hierarchy in the U.S. governments, the totalitarian corporate system rules the U.S. governments substantially, such that the U.S. system

Re: FW: Quote of the day

2002-04-18 Thread Bill Lear
On Thursday, April 18, 2002 at 15:51:57 (-0500) Forstater, Mathew writes: You can call me anything you like. Call me a monster or a murderer... Better a live Judeo-Nazi than a dead saint... Even if you prove to me that the present war in Lebanon is a dirty immoral war, I don't care... We shall

Re: Re: Protectionism US style

2002-05-13 Thread Bill Lear
On Monday, May 13, 2002 at 07:13:16 (-0700) Michael Perelman writes: deficits = high interest rates = strong dollar. = cheap imports = protectionism = militarism Bill

Re: Re: Hetero Depts

2002-05-13 Thread Bill Lear
On Monday, May 13, 2002 at 10:29:43 (-0700) Devine, James writes: Hey, just about the whole world is heterodox! hey, why is the logical opposite of heterodox called orthodox when the logical opposite of heterosexual is called homosexual? orthophobically yours, Because ortho means right or

Re: Spritzer wimps out

2002-05-21 Thread Bill Lear
Drug Dealer Settles With Spritzer By Bon Whate Warshington Pist Stuff Writer NEW YORK, May 21--Notorious drug dealer Joe Scumbag has reached an agreement with New York Attorney General Eliot Spritzer that requires the him to pay a $100 million fine and express contrition for the behavior of his

Re: Re: Price Discrimination on Internet

2002-05-27 Thread Bill Lear
On Monday, May 27, 2002 at 08:54:58 (-0700) Michael Perelman writes: Eric, I'm not sure that the Internet will do much to empower consumers relative to sellers since it allows sellers to monitor each other as well as consumers. ... As someone who participated in designing and building very

Re: Markets and Diversity

2002-06-02 Thread Bill Lear
On Sunday, June 2, 2002 at 14:07:01 (-0700) Michael Perelman writes: Broadcasting Chomsky for three minutes on CNN was a big deal. But of course, not without the balance of the usual anodyne right-wing fanatic. Bill

Re: : Markets and Diversity

2002-06-03 Thread Bill Lear
On Monday, June 3, 2002 at 14:39:44 (+) Justin Schwartz writes: [Doug Henwood writes:] Bourdieu argues in his book On Television http://www.leftbusinessobserver.com/Why_TV_sucks.html that competition produces sameness, not diversity. Doug What's his reasoning? Or is it just an observation?

Re: Re: : Markets and Diversity

2002-06-03 Thread Bill Lear
On Monday, June 3, 2002 at 14:22:17 (-0400) Doug Henwood writes: Bill Lear wrote: ... If by competition, Bourdieu means ... He was talking about the modern media system, with many outlets competing for eardrums and eyeballs. Which we might take to have been ushered in during the late 1920s

Re: Re: cyber security

2002-06-12 Thread Bill Lear
On Tuesday, June 11, 2002 at 21:24:19 (-0700) Sabri Oncu writes: ... Very interesting document. Apparently, another key component is Emergency Preparedness and Response, whose central component will be FEMA or Federal Emergency Management Agency, which also will become a central component of the

Re: tech question

2002-06-18 Thread Bill Lear
On Monday, June 17, 2002 at 21:36:24 (-0700) Michael Perelman writes: How does microsoft put a cookie on my system every time I use my computer? Can I block that particular cookie? If by every time I use my computer, you mean every time I use my browser, then the answer is to 1) use a browser

Re: Reading List

2002-06-23 Thread Bill Lear
On Saturday, June 22, 2002 at 12:10:15 (-0400) Max B. Sawicky writes: A reader of my web site asks for a list of suggested books on economics for the lay person. I'd like to post such a list and hereby ask for nominees. ... Economics broadly considered, I certainly hope: John Kenneth

Re: Re: Reading List

2002-06-23 Thread Bill Lear
On Sunday, June 23, 2002 at 19:24:29 (-0400) Max B. Sawicky writes: Thanks. A single list that is too long does not serve my purpose, which is to answer the question, 'what's the best intro to radical econ for the lay reader?' I fear some of the suggestions, although they don't have equations

Re: Re: Inflation

2002-07-05 Thread Bill Lear
On Thursday, July 4, 2002 at 14:06:16 (-0700) Michael Perelman writes: Help me out here Doug. Usually, I would be inclined to believe Census figures over something from Texas, but Texas Transportation Institute. 2002. 2002 Urban Mobility Study http://mobility.tamu.edu/ums/ Congestion is growing

Re: Short Book on Marx for Undergraduates

2002-07-09 Thread Bill Lear
On Tuesday, July 9, 2002 at 14:26:24 (-0700) Eric Nilsson writes: Rogoff letterAll, I'm looking for a short book about Marx's _social_ theory appropriate for undergraduates. In the past I've used Berlin's biography, parts of the Cambridge Companion to Marx, and Wood's KM in the past but want

Re: Re: markets profit maximization

2002-07-10 Thread Bill Lear
On Wednesday, July 10, 2002 at 20:01:28 (+) Justin Schwartz writes: ... Well, there's a tension there. But like the bumblebee, supposedly aerodynamically impossible, the old whore keeps going along, which means she's not as crooked as some say. Btw democracy is notoriously a sinkhole of

Re: Re: markets profit maximization

2002-07-11 Thread Bill Lear
On Thursday, July 11, 2002 at 03:25:48 (+) Justin Schwartz writes: [I wrote:] Funny that you should define democracy by looking so far backward. During de Tocqueville's time, the US hardly merited the term democracy; nor do the flaws of today's political system deserve to be dumped at the

Re: Re: Consumer Credit Card Debt

2002-07-22 Thread Bill Lear
On Monday, July 22, 2002 at 18:55:19 (-0700) Michael Perelman writes: Robert, could you please elaborate on this paragraph? Thanks. Robert Manning wrote: By the way, I am an expert witness in a civil suit against FIRSTUSA which has Enron like potential if the judge permits our

Re: Re: The D word surfaces

2002-07-23 Thread Bill Lear
On Tuesday, July 23, 2002 at 18:58:14 (-0400) Doug Henwood writes: Devine, James wrote: I'd have to look again at this, but the Fed often has let the discount rate follow the market -- and market rates were clearly falling. According to Friedman Schwartz, market rates may have fallen more

Re: Re: The D word surfaces

2002-07-24 Thread Bill Lear
On Tuesday, July 23, 2002 at 20:24:12 (-0700) Devine, James writes: Bill, sorry about your tired fingers, but I think you're missing the point of the discussion between Doug and myself. That's okay, since I didn't really understand it either and got bogged down in detail. I quoted Epstein

Re: the inadequacies of democracy

2002-07-24 Thread Bill Lear
On Tuesday, July 23, 2002 at 22:29:25 (-0700) Ian Murray writes: Robert Dahl is eighty-six years old. He knows what he is talking about. And he thinks that the Constitution has got something the matter with it.

Re: Re: the inadequacies of democracy

2002-07-24 Thread Bill Lear
On Wednesday, July 24, 2002 at 12:32:19 (-0400) Doug Henwood writes: Bill Lear wrote: On Tuesday, July 23, 2002 at 22:29:25 (-0700) Ian Murray writes: Robert Dahl is eighty-six years old. He knows what he is talking about. And he thinks

Re: Bankruptcy Bill - stalled for the moment

2002-07-27 Thread Bill Lear
On Friday, July 26, 2002 at 23:31:51 (-0700) Gar Lipow writes: July 27 -- WASHINGTON (Reuters) - A bankruptcy bill before the U.S. House of Representatives that would make it harder for individuals to walk away from their debts ran aground over an abortion related-provision early on Saturday,

Re: War Question

2002-08-09 Thread Bill Lear
On Thursday, August 8, 2002 at 22:42:10 (-0700) Michael Perelman writes: I read that Dick Army, Sen. Lugar Hagel are questioning the war. What Dems. have spoken up? What does it mean to question the war? Are they engaging in the usual tactical pessimism, thus setting the bounds of responsible

Rising stock market redistributes wealth?

2002-08-15 Thread Bill Lear
In the Dean Baker's Economic Reporting Review of July 22, 2002, he makes the following claim: A rising stock market is primarily a redistribution from people who own little or no stock, who are mostly middle income and poor, to people who own a great deal of stock, who

Re: Re: Rising stock market redistributes wealth?

2002-08-17 Thread Bill Lear
On Friday, August 16, 2002 at 20:36:34 (-0700) Eugene Coyle writes: Well, before the market went up your neighbor had $9,999,990 more money (in this asset) than you did. Afterwards he has $19,999,9980 more. I think he has done better than you have. No, because distribution of wealth is

Re: Re: Rising stock market redistributes wealth?

2002-08-17 Thread Bill Lear
On Saturday, August 17, 2002 at 06:42:57 (-0700) Gar Lipow writes: ... You are forgetting that the wealthy have more disposable income than the rest, and can afford to put more in the stock market.: So if you have around 9% of your wealth in the Stock Market, (because your home, car, household

Re: Re: digital vigilantes?

2002-08-22 Thread Bill Lear
On Wednesday, August 21, 2002 at 20:33:59 (-0700) Michael Perelman writes: It seems crazy. The simple formula of our current society is absolute freedom for corporations; control of most people. I think Doug has raised the point before: what do we do about paying people for their work? Are

Re: Re: Bushies say NAIRU is 4.9

2002-08-28 Thread Bill Lear
On Tuesday, August 27, 2002 at 16:41:15 (-0400) Doug Henwood writes: Devine, James wrote: The number of disinterested seekers of truth is very small in academia, especially among economists. David Card comes to mind. Anyone else? Does James Galbraith count? Bill

Poverty rates, racism/discrimination in N. Carolina

2002-09-11 Thread Bill Lear
A recent story by AP tells of a white teacher who was apparently reprimanded for teaching her class the word niggardly. A black parent complained and the conservative press has been aglow with the usual sniggering. I wanted to pursue this a bit, and of course the context is all-important. In

Re: Re: Poverty rates, racism/discrimination in N. Carolina

2002-09-12 Thread Bill Lear
On Wednesday, September 11, 2002 at 13:20:19 (-0400) Joel Blau writes: The best resource to answer your questions is the Center on Budget and Policy Priorities. They do a state-by-state breakdown of poverty rates. The new rate comes out 9/30, but that's a national number,and it usually takes a

Re: Trade Query

2002-09-25 Thread Bill Lear
On Wednesday, September 25, 2002 at 16:59:30 (-0700) Ellen Frank writes: A colleague of mine said recently that world merchandise trade was only $20 billion in 1913 compared to $7 trillion today. Now obviously the 1913 figure could be increased by an order of magnitude simply by adjusting

Re: corporate poltiical contributions over-rated?

2002-09-27 Thread Bill Lear
On Saturday, September 21, 2002 at 16:16:58 (-0700) Devine, James writes: New York TIMES/September 19, 2002 Are Political Contributions Worth the Money? By ALAN B. KRUEGER ... I haven't followed the entire discussion and have quickly read the article, so I may have missed something, but as Tom

Re: Re: Personalities and the List

2002-09-27 Thread Bill Lear
On Friday, September 27, 2002 at 10:15:37 (-0700) Michael Perelman writes: Didn't the withering process begin with the post Watergate dems coming to Congress? Or maybe with Teddy Roosevelt coming into office? The massive corporate consolidation begun at the end of the 19th century allowed

Re: Re: The mutation is complete

2002-09-30 Thread Bill Lear
On Monday, September 30, 2002 at 14:11:58 (-0700) Michael Perelman writes: Is Cooper really worth our time? I'm wondering if much besides trying to stop a war with Iraq is worth our time right now. Bill

Re: Re: walkout

2002-10-02 Thread Bill Lear
On Tuesday, October 1, 2002 at 20:43:03 (-0700) michael perelman writes: Here is a nice succint explanation from Chuck Grimes on LBO: Okay, the more realistic issue is that shipping clerks who run the computers for automated inventories and FOB manifests port-side, are at the moment, unionized

Re: Re: walkout

2002-10-02 Thread Bill Lear
On Wednesday, October 2, 2002 at 06:26:52 (-0500) Bill Lear writes: ... I've had some experience with this sort of technology, to use a poor term (it has more to do with organization of work). The problem with this explanation is that it assumes remote links do not degrade the efficiency

Re: US GM food aid

2002-10-07 Thread Bill Lear
On Monday, October 7, 2002 at 13:50:31 (-0700) Devine, James writes: US 'dumping unsold GM food on Africa' ... But while the EU and other countries have mostly given money for countries to buy food on the open market, US food aid to southern Africa has been tied to heavily subsidised GM food

Oil Economics Lubricates Push for War

2002-10-14 Thread Bill Lear
Thomas Ferguson forwarded this story to me. It was published in yesterday's LA Times (Sunday, October 13). Bill Oil Economics Lubricates Push for War The U.S. may be smacking its lips over the financial benefits expected from a regime change, but the price could be enormous. By

Re: Gurus of growth

2002-10-19 Thread Bill Lear
Here's a text version. Bill Challenging the Growth Gurus October 19, 2002 By MICHAEL MASSING As the chief economist of the World Bank in the late 1990's, Joseph E. Stiglitz got a firsthand look at how policy was made at its sister institution, the International Monetary Fund, and he was

Paul Krugman on inequality in today's NY Times Magazine

2002-10-19 Thread Bill Lear
A rather extensive piece, which should be of interest to PEN-L readers. http://www.nytimes.com/2002/10/20/magazine/20INEQUALITY.html For Richer By PAUL KRUGMAN I. The Disappearing Middle II. The New Gilded Age III. Undoing the New Deal IV. The Price of Inequality V. Inequality and Politics VI.

Krugman on Business as Usual

2002-10-22 Thread Bill Lear
Business as Usual By PAUL KRUGMAN NY Times, Oct. 22, 2002 The mood among business lobbyists, according to a jubilant official at the Heritage Foundation, is one of optimism, bordering on giddiness. They expect the elections on Nov. 5 to put Republicans in control of all three branches of

Re: UK One Party State

2002-10-29 Thread Bill Lear
On Tuesday, October 29, 2002 at 07:34:57 (+) Chris Burford writes: From today's Guardian ... I agree with Hugo Young that there is a remarkable atmosphere of a one modern state in Britain. But I do not put the blame mainly on the Conservative Party. I think Hugo Young underestimates how

Krugman blisters Pitt's sorry butt

2002-11-01 Thread Bill Lear
And a few others while he is at it. Bill The Pitt Principle By PAUL KRUGMAN NY Times, November 1, 2002 So Harvey Pitt decided not to tell other members of the Securities and Exchange Commission a small detail about the man he had chosen to head a crucial new accounting oversight board,

Re: Re: dismantling due process

2002-11-05 Thread Bill Lear
On Tuesday, November 5, 2002 at 15:27:16 (-0800) Michael Perelman writes: Mark, I cannot believe that you really think Doug is an apologist for Sharon. He overreacted and then you poured on more fuel. This sort of behavor is destructive. Doug was not overreacting. Jones is an intellectual

Re: go for it, Lula!

2002-11-12 Thread Bill Lear
On Tuesday, November 12, 2002 at 10:26:09 (-0800) Devine, James writes: Reading the article on Brazil's debt problem and the IMF by James Galbraith at http://www.levy.org/docs/pn/02-2.html, the conclusion is pretty clear to me (though it's not the same as Jamie's). As President of Brazil, Lula

Re: An opposition party

2002-11-15 Thread Bill Lear
On Friday, November 15, 2002 at 06:55:45 (-0800) Michael Perelman writes: Gore is coming out for single payer; Bush is talking about privatizing government jobs. Could the Dems be ready to be a real opposition party? Are the Greens partially responsible for the Dems giving signs of moving to

Re: new radio stuff

2002-11-15 Thread Bill Lear
On Friday, November 15, 2002 at 16:35:44 (-0500) Doug Henwood writes: ... Already on the site: interviews with Christopher Hitchens (on Orwell and his new bellicose self); ... I don't have the appropriate hardware to listen to these, though I'd like to. How was Hitchens? Bill

Re: Stallin Stalin

2002-11-20 Thread Bill Lear
On Wednesday, November 20, 2002 at 16:17:51 (-0800) Devine, James writes: ... 1) while it makes sense for Stalin to make a deal with Hitler from a nationalist perspective given the circumstances, does it make sense on the basis of socialist principles? probably not, which suggests that socialist

Re: Privatization of information

2002-11-21 Thread Bill Lear
On Wednesday, November 20, 2002 at 20:31:43 (-0800) michael perelman writes: ... David LeDuc, public policy director of the SIIA, said the issue is whether there should be publicly funded competition for commercial search services. LeDuc said free government services could drive out corporate

Re: PK on NSR

2002-11-26 Thread Bill Lear
On Tuesday, November 26, 2002 at 08:20:24 (-0800) Devine, James writes: comments on cap-and-trade? The following exchange is from Robin Hahnel. Bill Mon, 23 Feb 1998 20:08:24 -0500 Robin Hahnel ([EMAIL PROTECTED]) Max B. Sawicky wrote: If government gives away emissions permits, then

Re: Re: the ObL theory of international relations

2002-11-27 Thread Bill Lear
On Wednesday, November 27, 2002 at 08:35:37 (+) Chris Burford writes: ... Full text: bin Laden's 'letter to America' We really ought to be able to discuss this without fear of any suspcion we are sympathising with terrorism. But unless there is a culture of discussion around this, each

Re: Re: FW: today's papers: Crash Landing?

2002-12-05 Thread Bill Lear
On Thursday, December 5, 2002 at 10:57:29 (-0800) Michael Perelman writes: If United goes bankrupt, then it will have a decided edge on the rest of the industry. It will not have as heavy debts and the unions will be defanged. Other carriers will have to break their unions to compete. ...

Re: Re: FW: today's papers: Crash Landing?

2002-12-05 Thread Bill Lear
On Thursday, December 5, 2002 at 12:21:31 (-0800) Michael Perelman writes: No. Southwest does not have unions, I believe, but they treat their workers well. Hmm, according to the NPR story either this morning or yesterday, they do. They even invite them to company events and address them as we,

Re: Re: US: Another industrialist at the US treasury?

2002-12-09 Thread Bill Lear
On Monday, December 9, 2002 at 09:46:00 (-0500) Doug Henwood writes: Isn't this kind of amazing? The Reps are now the party of deficits and a weaker currency, and the Dems the party of fiscal orthodoxy and a strong currency. Very good point. Chomsky noticed this as well a while back: In

Gotta Have Faith

2002-12-17 Thread Bill Lear
Paul Krugman writes in today's NY Times that the Bush administration has stated that religious organizations that receive federal funding can take faith into account in making employment decisions. I wonder why schools that receive federal funding cannot take racial discrimination into account in

Re: housing bubble?

2002-12-17 Thread Bill Lear
On Tuesday, December 17, 2002 at 08:27:59 (-0800) Devine, James writes: ... Okay, my thought, about one fundamental which could be behind the bubblish data: one of the things that also happened is the widening gaps in the income and wealth distributions that has been sustained over the last 25 to

Re: Re: Bush Administration On The Poor: Pay More Taxes!

2002-12-19 Thread Bill Lear
On Thursday, December 19, 2002 at 05:56:40 (-0500) Ellen Frank writes: [EMAIL PROTECTED] writes: New Tax Plan May Bring Shift In Burden Poor Could Pay A Bigger Share The Republicans are definitely on to something here. The federal tax system is progressive, even counting Social Security.

Re: Re: Bush Administration On The Poor: Pay More Taxes!

2002-12-19 Thread Bill Lear
On Thursday, December 19, 2002 at 09:32:34 (-0500) Ellen Frank writes: But shouldn't living standards be determined by what people contribute? And shouldn't people who contribute more get more? Rather than being penalized for their hard work and success? So you are saying Ken Lay deserves

Re: Bush Administration On The Poor: Pay More Taxes!

2002-12-19 Thread Bill Lear
On Thursday, December 19, 2002 at 10:44:24 (-0500) Ellen Frank writes: Bill -- I haven't participated in pen-l in quite a while, so maybe, not knowing who I am, you misread my intent. (maybe this is why I stopped participating in pen-l!). I am playing devil's advocate here. ... I realize

Re: Right wing sees the light! (almost)

2002-12-29 Thread Bill Lear
On Sunday, December 29, 2002 at 12:42:17 (-0800) Eugene Coyle writes: Because the right relentlessly preaches competition, competition, competition, competition, as the essence of the free enterprise system, there is no way a politician can come forward

Re: Re: Right wing sees the light! (almost)

2002-12-29 Thread Bill Lear
On Sunday, December 29, 2002 at 13:19:06 (-0800) Eugene Coyle writes: Agreed, they want profit -- but they talk competition. Yes indeed, and they (corporations) are very good (read, they have lots of money to pay for exquisitely detailed propaganda services) at pretending that what they crave is

Re: Re: Right wing sees the light! (almost)

2002-12-29 Thread Bill Lear
On Sunday, December 29, 2002 at 16:51:25 (-0500) Doug Henwood writes: Eugene Coyle wrote: Agreed, they want profit -- but they talk competition. So why did capital back deregulation in so many industries if it's so opposed to competition? Because short-term competition can weed out weak ones?

Re: query: Game Theory

2003-01-07 Thread Bill Lear
On Tuesday, January 7, 2003 at 09:26:35 (-0800) Devine, James writes: I've been reading GAME THEORY AND ECONOMIC MODELLING by David M. Kreps. It's a useful survey because it doesn't get bogged down in the technical details (as textbooks do) and provides some philosophical reflection on the whole

Re: the pen-l fairness doctrine

2003-01-13 Thread Bill Lear
On Monday, January 13, 2003 at 06:59:36 (-0800) Devine, James writes: ... By Larry Paquette ... However, I feel no need to defend my position. Over the years I have worked hard and earned every dollar of the obscene wealth I am accused of hoarding. This is where he goes right off the rails.

Re: Re: the pen-l fairness doctrine

2003-01-13 Thread Bill Lear
On Monday, January 13, 2003 at 11:52:55 (-0800) Ian Murray writes: ... washingtonpost.com A Big 'Thank You' To the Wealthy Monday, January 13, 2003; Page A20 Last week my wife and I braved the inclement weather and went to the National Gallery of Art to view the trompe l'oeil exhibition. As we

Re: Re: the pen-l fairness doctrine

2003-01-13 Thread Bill Lear
On Monday, January 13, 2003 at 15:47:38 (-0500) Doug Henwood writes: Bill Lear wrote: Another truckload of crap. We have created princes and when they bestow us with a trickle of benefactions, our knees weaken in their divine presence. It would be more accurate to say God damn the rich. How

Re: Re: the pen-l fairness doctrine

2003-01-13 Thread Bill Lear
On Monday, January 13, 2003 at 13:11:45 (-0800) Ian Murray writes: - Original Message - From: Bill Lear [EMAIL PROTECTED] Another truckload of crap. We have created princes and when they bestow us with a trickle of benefactions, our knees weaken in their divine presence. It would

Re: Re: the pen-l fairness doctrine

2003-01-13 Thread Bill Lear
On Monday, January 13, 2003 at 13:43:05 (-0800) Ian Murray writes: - Original Message - From: Bill Lear [EMAIL PROTECTED] You do the emotionally hard and intellectually easy work of getting your ass in front of people and talking to them, educating them (I prefer the didactic mode

Affirmative Action case

2003-01-16 Thread Bill Lear
Does anyone know what arguments in favor of Affirmative Action are being presented to the Supreme Court? I was wondering about this: I constantly hear that we can't have Affirmative Action because it discriminates. So, I was wondering if the solution was ever stated as just a very plain process

Re: Re: Affirmative Action case

2003-01-16 Thread Bill Lear
On Thursday, January 16, 2003 at 06:26:16 (-0800) andie nachgeborenen writes: ... So, I was wondering if the solution was ever stated as just a very plain process of statistical adjustment. The argument you state below has not been adopted by any court that I know about. It would almost

Artificial economic inefficiency

2003-01-16 Thread Bill Lear
I'm curious what the technical name for this sort of barrier to economic efficiency is. Has anyone ever cataloged this sort of thing? I'd be very interested if so ... Bill Printer industry seeks to keep lock on cartridge profit By Dawn C. Chmielewski Mercury News Your printer and ink

Re: Re: Artificial economic inefficiency

2003-01-17 Thread Bill Lear
On Friday, January 17, 2003 at 09:55:04 (-0800) Michael Perelman writes: I thought Bill Lear's question yesterday was very interesting. Given his background, I'm surprised he did not relate his question to software. For example, Microsoft makes it difficult to run its programs on Linux. With

Re: Re: Artificial economic inefficiency

2003-01-17 Thread Bill Lear
On Friday, January 17, 2003 at 13:15:17 (-0800) Michael Perelman writes: The technical name is the Lear effect. I like that. Can I copyright the phrase and gather royalties? I think 2 cents per usage should cover it... Bill

Re: Re:: Artificial economic inefficiency

2003-01-19 Thread Bill Lear
On Saturday, January 18, 2003 at 20:08:43 (-0800) Eugene Coyle writes: I think IBM was actually forced to stop the tie-in of the punch cards, but my memory is hazy. There is a book about it, titled Big Blue or something like that -- pretty good book, but it has been a long while since I looked

Re: Re: Artificial economic inefficiency

2003-01-19 Thread Bill Lear
On Saturday, January 18, 2003 at 20:29:47 (-0800) Michael Perelman writes: This article affirms the sort of dual pricing system that I mentioned. Competition on the printers keeps prices down, while IP rights keep cartridges expensive. It's interesting. Competition has focused on a certain

Courts or violence

2003-01-23 Thread Bill Lear
This is from an article by Tom Gorman in from today's Counterpunch on the web, http://www.counterpunch.org/gorman01222003.html: The Seventh Amendment to the United States Constitution ensures that, In suits at common law, where the value in controversy shall exceed twenty

Re: Re: tax theory/policy

2003-01-23 Thread Bill Lear
On Thursday, January 23, 2003 at 09:17:56 (-0800) Devine, James writes: so Mankiw may replace Hubbard? I didn't know he was that conservative. Are you using that in the modern sense of willing to lie to serve power? Bill

Re: Re: Courts or violence

2003-01-23 Thread Bill Lear
On Thursday, January 23, 2003 at 11:24:26 (-0800) Michael Perelman writes: I just read Burke yesterday. He emphasizes how the US consitution structures government so that the courts are the only recourse here -- unlike in Europe. Definitely sounds worth reading. Bill

Re: Re: the business of war

2003-01-23 Thread Bill Lear
On Thursday, January 23, 2003 at 18:50:05 (-0500) Doug Henwood writes: Michael Perelman wrote: I don't here any upsurge of business support for the war; I don't recall any from Daddy's war either -- yet the war is fought in the interest of the corps. Any thoughts? Sorry to keep touting the work

Military spending stats?

2003-01-29 Thread Bill Lear
I'm looking for stats on military spending here in the U.S., say over the past 20 years. It might be helpful if the space program were listed as well, as I think that is largely military. Any good sites for this? Bill

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