On Tue, 02 Sep 2008 22:48:22 -0700, Bret Cahill wrote:
>> Relative to my lifespan, there is an infinite amount of oil. I'll
>> be gone before it is...
>
> $200/barrel?
>
> You could be dying from liver cancer and still live to see that.
>
>>> When you find an example of anything even 1/100th as good let me know.
>
>> I can get in a airplane in DC. I can get off the airplane at LA,
>> about six hours later. The Lewis and Clark expedition took roughly a
>> year, one way. That's on the order of 1000 fold in productivity
>> increase.
>
> You can document all the flora and fauna by air?
>
> . . .
>
>>>> What do you call the other 999 in value
>>>> added? Most people call it "capital".
>
>>> Most would call it "fantasy."
>
>> Fine then.
>
> It didn't take long to figure you out.
>
> . . .
>
>
>> If you are telling me this doesn't happen *at all*, then
>> you're missing a great deal and should get out more.
>
> I'm still waiting for some evidence or rationalization that something
> fundamental changed.
>
> . . .
>
>>> You aren't functional enough to debate LVT, site vale taxation.
>
>> I've been done with that subject for a long time.
>
> Stick a fork in him, he's done.
For a long time I kept trying to fit houses into the definition of
"fixed capital". Several years ago I gave up on that. Homes are
durable goods as are all the refrigerators and such inside of them.
There was very little "capital development" in the housing boom. Just
another version of American consumption.
--
"I know no safe depository of the ultimate powers
of society but the people themselves; and
if we think them not enlightened enough to
exercise their control with a wholesome
discretion, the remedy is not to take it from
them, but to inform their discretion by
education." - Thomas Jefferson
http://GreaterVoice.org/extend
