David, Thanks for this interesting piece - a more appropriate title, I suggest, would have been "First Thoughts Of A Second-Rank Economist." In my early work...
Dear Michael: I just came across the following on the Internet: Dear Sabri, This is a side-note to you. Many people have left the Gang8 because of arguments...
Dear Gunnar, Both Randy and Henry had consistent ideas on money and credit. Their definitions were not yours. Therefore, much of the argument was at cross ...
Hudsonmi@...
Oct 3, 2004 3:46 pm
10235
Dear Michael, Consistency comes in two flavors - call them scientific and rhetorical. One is the product of the objective part of our brain - that part which...
Chris, The LLP bandwagon is now rolling fast, but sadly I am informed that there are tax reasons behind it: with an LLP structure National Insurance...
G W Gardiner
geoffrey.gardiner@...
Oct 4, 2004 8:01 am
10237
Dear George it was ever thus. A couple of years ago there was a tidal wave of small company incorporations to take advantage of the 10% tax rate applied by the...
In message <00cb01c4a098$a36c1860$fc309851@geoffrey>, G W Gardiner <geoffrey.gardiner@...> writes ... Geoffrey, I am very grateful for this...
kevin donnelly
kevin@...
Oct 4, 2004 9:18 pm
10239
Dear Gang, A footnote to my message on two kinds of "consistencey". It just occurred to me that fanaticism - be it political, religious, or intellectual - is...
In a message dated 10/5/04 8:51:44 AM Eastern Daylight Time, ... Good point, Gunnar. So wrong-headed ideas can only be imposed through intellectual tyranny....
Hudsonmi@...
Oct 5, 2004 2:13 pm
10241
Dear Michael, What happened to me at Harvard and how the monetarist system was put in place are flip sides of the same coin, with intellectual tyranny at...
Dear Friends, My new e-mail address is mh@... Please not the hyphen. Otherwise you'll get someone else. I am finally dumping AOL for a new...
Hudsonmi@...
Oct 5, 2004 7:42 pm
10243
Dear Keith. Thanks you for thoughtful comments on "a very hard subject" - a phrase used by a leading academic economist in explaining to me why he was content...
Dear Keith, Re. Chomsky Territory. In the 1980s, I exchanged a half-dozen letters with Noam Chomsky on his proposition in a PBS TV interview to the effect that...
Dear Gunnar, On the other hand, as Chico Marx said when caught in the bedroom with a man's wife, "Who are you going to believe? Me or your eyes?" Michael...
Hudsonmi@...
Oct 6, 2004 5:15 pm
10246
Dear Gunnar I seem to recall you saying before that "epistemology" is a very hard subject. So thanks to you, Keith and Michael for a fascinating exchange. ... ...
Dear Chris. Re. the following: But surely there is more to one's brain than the subjective and objective parts? I am referring here to Pirsig's "Quality" - the...
Dear Chris, Let me now address the following: But surely there is more to one's brain than the subjective and objective parts? I am referring here to Pirsig's...
041007 Gardiner to Hudson: Privatisation Dear Michael, Surely the two points in this message of last month are really one. The fact that the FED is notionally...
G W Gardiner
geoffrey.gardiner@...
Oct 7, 2004 9:50 am
10250
041007 Credit creation Two parties at least are required for all credit creation, a borrower and a lender. For intermediated credit obviously a bank is also...
G W Gardiner
geoffrey.gardiner@...
Oct 7, 2004 9:50 am
10251
Sorry Michael, but I see no difference between profits and rent. The rent due to a landowner by the person occupying and economically exploiting the land would...
G W Gardiner
geoffrey.gardiner@...
Oct 7, 2004 10:45 am
10252
Chris, The theoretical justice of LVT is not the issue. The trouble is the state has "privatised" its original assets by selling them, a process commenced in...
G W Gardiner
geoffrey.gardiner@...
Oct 7, 2004 10:46 am
10253
041007 Gunnar has put it with his usual economy of words and precision. I wrote my version before reading his carefully. Geoffrey ... From: Gunnar Tómasson ...
G W Gardiner
geoffrey.gardiner@...
Oct 7, 2004 10:46 am
10254
FYI. Arno Original: http://www.tandf.co.uk/journals/pdf/ciai_special_intro.pdf. Found as a cached version at: ...
In a message dated 10/7/04 6:00:10 AM Eastern Daylight Time, ... Dear Geoffrey, Re the land tax, the issue you raise is the Incidence of Taxation. If rent is...
Hudsonmi@...
Oct 7, 2004 1:34 pm
10256
Dear Geoffrey ... <snip> A funded pension system, and an endowment mortgage system depend on the existence of assets to invest in. Land value tax does away...
Dear Geoffrey Thanks for reminding me of this contribution by Gunnar - I meant to respond at the time and it slipped my mind! ... as Land" in a market economy...
Dear Keith, Briefly with respect to the following: You write: The twist involves primarily the very high standard of logical rigor you seem to demand before...
The secret sex life of bankers One of Lazard’s biggest clients warns the venerable investment bank is doing irreparable damage to its image by allowing its...
Hudsonmi@...
Oct 8, 2004 8:22 pm
10260
Dear Gang, I enclose David Hale's recent report, as exemplifying the basic principles of rentier-deflation that is plaguing the economy today. He also has some...
Hudsonmi@...
Oct 9, 2004 6:13 pm
10261
Dear Gang: I was going through and sorting some papers today and came across (a) Geoffrey's letter to the Financial Times, February 27/28, 1988; (b) my letter...
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