> From: Edward Lewis [mailto:[EMAIL PROTECTED] > At 11:42 -0500 11/29/06, Emin Gun Sirer wrote: > > >Let's not torque the discussion off topic. Free market > economics does > >not come to bear on the issue because there is no free > market to speak > >of for registries. > > What did I say about frictionless surfaces?
Edward, assume frictionless surfaces is what a physicist says to an engineer. This is economics, a consensual delusion on a much grander scale. We did not merely assume the surface to be frictionless: by making the assumption we caused the surface to become frictionless. Having assumed a free market we have caused the market to become free of all defects such as time delay, liquidity, imperfect knowledge and all the other real world effects without which Wall Street would make no money. Having assumed that people behave as perfect evaluators of their narrow self interest and act in strict accord with those interests we have turned the entire population into selfish bastards who can calculate their best interest to three decimal places. _______________________________________________ Ietf mailing list Ietf@ietf.org https://www1.ietf.org/mailman/listinfo/ietf
