Dear Henry, Some of this is extreme, but I thought it might interest you regarding the undercutting of public agencies. It's by a former Wall St. Journal ...
2876
Wray, Randall
wrayr@...
Jan 30, 2001 4:23 pm
arno the problem, of course, is that our economy does not operate on the basis of "common sense"; rather, it is an irrational system based on monetary...
2877
Hudsonmi@...
Jan 30, 2001 4:40 pm
Dear Kevin, Thanks for your interesting e-mail. Peter's description of the historical sections early on seem interesting, but I think his group misses the...
2878
Hudsonmi@...
Jan 30, 2001 4:41 pm
Dear Randy, You say that modern economics is unreasonable. There is another approach: How about Goya's "nightmare of reason." Perhaps (as Nietzsche might have ...
2879
schulte-baeuminghaus
cresscourt@...
Jan 30, 2001 5:39 pm
Arno, I think you're right. Most of my working life has been directly associated with government. I'm used to facing the question - "Here's the problem - what...
2880
Hudsonmi@...
Jan 31, 2001 12:55 am
Dear James, Re Randy's comment about productivity possibly LOWERING the demand for labor. In graduates chool I had to study these functions with the head CIA ...
2881
Henry C.K. Liu
hliu@...
Jan 31, 2001 1:21 am
January 30, 2001 New York Times Why Fight the Surplus? By ALICE M. RIVLIN Alice M. Rivlin, an economist at the Brookings Institution, is a former director of...
2882
John Gelles
jjgelles@...
Jan 31, 2001 5:21 am
Re: Humanism: Hierarchy In the Forest: inequality is not the same as exploitation. James Cumes writes: "As Lasch writes, the rampant market puts an almost...
2883
Ggard97342@...
Jan 31, 2001 7:30 am
30 January 2001 Gardiner to Gang 8 Financial Times 30th Jan 01: Amity Schlaes takes the Randall Wray line on public debt. Quotes John Steele Gordon "Hamilton's...
2884
Ggard97342@...
Jan 31, 2001 7:30 am
... (as ... basis ... created ... things ... I too will agree on "unit of account." Geoffrey 30-01-01...
2885
Ggard97342@...
Jan 31, 2001 7:30 am
In a message dated 23/01/01 23:18:38 GMT Standard Time, Hudsonmi@... ... As a former tax consultant I can confirm that very often happens. A large number...
2886
Ggard97342@...
Jan 31, 2001 7:30 am
In a message dated 24/01/01 16:07:37 GMT Standard Time, cresscourt@... ... It really does make Englishmen puke from embarassment. (God too, I should ...
Dear Michael, Thanks for that. As you will see from my other message, I acknowledge that Randy is, of course, right. You can displace labour with higher...
2889
Arno Mong Daastoel
am@...
Jan 31, 2001 12:25 pm
Samuelson wrote an article in the Scandinavian Journal of Economics in the 1980s "Ricardo Was Right". Of course Ricardo was not, since he did not take into...
2890
John Gelles
jjgelles@...
Jan 31, 2001 3:05 pm
At the bottom of Gang8 messages it says: "The Gang8 is devoted to Creditary Economics". After reading it many times recollections came to mind: If monetary...
2891
schulte-baeuminghaus
cresscourt@...
Jan 31, 2001 4:16 pm
Arno, I'm not quite sure where you come out on this.. Are you saying that one form of investment - for example, labour-employing - is better than the other -...
2892
Arno Mong Daastoel
am@...
Jan 31, 2001 4:36 pm
Randy, I get your point, and did too, - and it IS a good point. - but the way you argued with Kevin it MIGHT seem (to an outsider who does not know you) that...
2893
Arno Mong Daastoel
am@...
Jan 31, 2001 4:38 pm
Michael, There have been several request concerning a PRACTICAL way to introduce land tax. (A way that may actually be followed not only in theory). Would you ...
2894
schulte-baeuminghaus
cresscourt@...
Jan 31, 2001 4:53 pm
Michael, Won't the Euro be used to pay taxes - if that is your criterion for a "system" - in the eleven, twelve or perhaps ultimately the 15 countries or more...
2895
Wray, Randall
wrayr@...
Jan 31, 2001 4:58 pm
james: i think the following sums it up quite nicely. while i also very much like schumpeter, unfortunately, of course, he has got it all quite wrong. you may...
2896
Arno Mong Daastoel
am@...
Jan 31, 2001 5:20 pm
Well, that would depend on the situation at a hand. I am saying that there are in principle 2 kinds of investment regarding (real) investment and thereby imply...
2897
Wray, Randall
wrayr@...
Jan 31, 2001 5:39 pm
arno right. horses for courses. i do have problems w/the nat'l accounting, especially on items such as "housing services". but i generally think these accts...
2898
schulte-baeuminghaus
cresscourt@...
Jan 31, 2001 6:35 pm
Randy, I know at least in general terms what the unemployment position is and it's grievous. We all know that. Australia's unemployment rate above 7% is among...
2899
schulte-baeuminghaus
cresscourt@...
Jan 31, 2001 6:46 pm
Arno, Thanks. I agree. Both have their place. Both are valuable in the right situation. James...
2900
Henry C.K. Liu
hliu@...
Jan 31, 2001 7:17 pm
Caro's Investment Witticism: Top 10 Reasons Why Americans Should Feel Confident That Alan Greenspan Will Navigate A Hard Landing For The Economy 10. Believes...
2901
Wray, Randall
wrayr@...
Jan 31, 2001 7:47 pm
james i think i still may not have got my point across. "creative destruction" IS a major cause of unemployment, particularly when it DOES raise productivity...
2902
schulte-baeuminghaus
cresscourt@...
Jan 31, 2001 8:43 pm
Randy, I think we've got into another tangle. We seem to agree but you write as though you disagree. Perhaps we can leave it there - until the next topic comes...
2903
Hudsonmi@...
Jan 31, 2001 8:59 pm
No, James, not nonsense. But how will RESERVES be kept? That's my point. And how can taxes be decided, without a European parliament. Right now the fiscal...
2904
Wray, Randall
wrayr@...
Jan 31, 2001 9:39 pm
james sorry, i meant to be clear, not difficult. randy...
