RE: Financial institution fallout

2008-12-10 Thread Dan M
> -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On > Behalf Of John Williams > Sent: Tuesday, December 09, 2008 11:55 AM > To: Killer Bs (David Brin et al) Discussion > Subject: Re: Financial institution fallout > > On Tue, Dec 9, 2008 a

Re: Financial institution fallout

2008-12-09 Thread Dave Land
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

Re: Financial institution fallout

2008-12-09 Thread John Williams
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

Re: Financial institution fallout

2008-12-09 Thread Dave Land
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. >

Re: Financial institution fallout

2008-12-09 Thread John Williams
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

Re: Financial institution fallout

2008-12-09 Thread John Williams
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?

RE: Financial institution fallout

2008-12-09 Thread Dan M
> 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

RE: Financial institution fallout

2008-12-09 Thread Dan M
> > 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

RE: Financial institution fallout

2008-12-09 Thread Alberto Monteiro
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

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 assu

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 his

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 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 fr

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

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 xponentrob
- Original Message - From: "John Williams" <[EMAIL PROTECTED]> To: "Killer Bs (David Brin et al) Discussion" 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 PROTECTE

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 > empiric

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.

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 a

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 12:15 PM > To: Killer Bs (David Brin et al) Discussion > Subject: Re: Financial institution fallout > > On Mon, Dec 8, 2008

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

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 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 a

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 egotistic

Re: Financial institution fallout

2008-12-07 Thread Doug Pensinger
On Sun, Dec 7, 2008 at 6:58 PM, Doug Pensinger <[EMAIL PROTECTED]> wrote: > John Williams wrote: > >> On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: >>> I still have to build something with my understanding and it doesn't >>> help for people to keep saying 'let it sort itse

Re: Financial institution fallout

2008-12-07 Thread John Williams
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 statement. Why not say that you would like markets to do what you want them to do

Re: Financial institution fallout

2008-12-07 Thread Doug Pensinger
John Williams wrote: > On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: >> I still have to build something with my understanding and it doesn't >> help for people to keep saying 'let it sort itself out' because hammers, >> wood and nails won't, no matter how much I will valu

Re: Financial institution fallout

2008-12-07 Thread Nick Arnett
On Sun, Dec 7, 2008 at 10:53 AM, John Williams <[EMAIL PROTECTED]>wrote: > > But your statement above is not particularly insightful either. To say > that the market failed is either wrong or meaningless. The market is > made up of many participants each trying to achieve their own goals. > The ma

Re: Financial institution fallout

2008-12-07 Thread Ronn! Blankenship
At 03:28 PM Sunday 12/7/2008, John Williams wrote: >On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: > > I still have to build something with my understanding and it doesn't > > help for people to keep saying 'let it sort itself out' because hammers, > > wood and nails won't,

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sun, Dec 7, 2008 at 1:06 PM, Euan Ritchie <[EMAIL PROTECTED]> wrote: > I still have to build something with my understanding and it doesn't > help for people to keep saying 'let it sort itself out' because hammers, > wood and nails won't, no matter how much I will value the house, > construct on

Re: Financial institution fallout

2008-12-07 Thread Euan Ritchie
> To say that the market failed is either wrong or meaningless. If I understand this correctly it was meant that markets can't fail in the same way physics isn't failing if you fall to your death having driven off a cliff. However a person saying the 'markets failed' isn't unnecessarily claiming

RE: Financial institution fallout

2008-12-07 Thread jamespv
Sent: Sunday, December 07, 2008 7:28 AM > > To: Brin List > > Subject: RE: Financial institution fallout > > > > > > Yeah. I've been watching this unroll. Though to my shock and horror, I've > > actually been seeing some of Rand's vill

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sun, Dec 7, 2008 at 6:33 AM, Dan M <[EMAIL PROTECTED]> wrote: > Actually, Rand's hero's are in line there too. :-) They are heroes in her > book because they are successful. In reality, the private market failed, > and needs the government...even according to its bible. I've never read Ayn R

Re: Financial institution fallout

2008-12-07 Thread John Williams
On Sat, Dec 6, 2008 at 9:51 PM, Dan M <[EMAIL PROTECTED]> wrote: > I saw an interesting article from the bastion of free enterprise > publication, the WSJ, at > > http://online.wsj.com/article/SB122852289752684407.html > > Thus, the funds managers who > were prudent ether were converted or lost th

RE: Financial institution fallout

2008-12-07 Thread Dan M
> -Original Message- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On > Behalf Of Pat Mathews > Sent: Sunday, December 07, 2008 7:28 AM > To: Brin List > Subject: RE: Financial institution fallout > > > Yeah. I've been watching this unroll. Tho

RE: Financial institution fallout

2008-12-07 Thread Pat Mathews
livejournal.com/ > From: [EMAIL PROTECTED] > To: brin-l@mccmedia.com > Subject: Financial institution fallout > Date: Sat, 6 Dec 2008 23:51:20 -0600 > > I saw an interesting article from the bastion of free enterprise > publication, the WSJ, at > > http://online

Financial institution fallout

2008-12-06 Thread Dan M
I saw an interesting article from the bastion of free enterprise publication, the WSJ, at http://online.wsj.com/article/SB122852289752684407.html It has some interesting analysisand it doesn't seem good. What I find interesting is that it seems to be a balanced analysis, not a polemic for