On Wed, 03 Sep 2008 22:14:13 -0700, Shrikeback wrote: On Sep 2, 3:49 pm, The Trucker <mik...@verizon.net> wrote: On Tue, 02 Sep 2008 09:56:00 -0700, Shrikeback wrote: On Sep 1, 5:01 pm, The Trucker <mik...@verizon.net> wrote: On Mon, 01 Sep 2008 10:44:44 -0700, Shrikeback wrote: On Sep 1, 8:14 am, Bret Cahill <BretCah...@aol.com> ...

On Sep 4, 8:58 am, Shrikeb...@gmail.com wrote: On Sep 4, 8:12 am, The Trucker <mik...@verizon.net> wrote: On Wed, 03 Sep 2008 06:06:09 -0700, Fred Weiss wrote: On Sep ... Bret has said that China has "free speech on economic issues," while, somehow, the US does not. I also find Trucker's statement above ironic, when he spits the word "fascist" out at anything he disagrees with, without the slightest fascistic tendencies. ...

On Sep 4, 8:12 am, The Trucker <mik...@verizon.net> wrote: On Wed, 03 Sep 2008 06:06:09 -0700, Fred Weiss wrote: On Sep 3, 6:28 am, Bret Cahill <BretCah...@aol.com> wrote: Anyone can expose GOP "market" economists simply by forcing them to dodge the two issues most fundamental to economists, land/geo resources and free speech as a precondition of every free trade. "Free speech" as in Red China? Btw, by...

On Sep 3, 10:15 pm, Les Cargill <lcarg...@cfl.rr.com> wrote: The Trucker wrote: 2) Without speculation, transactions become all but impossible. Speculation is the means by which price signalling occurs. Longs and shorts both take positions, the buyers steer towards one or the other. If you are referring to the importance of creating increased liquidity, you are of course correct. This part may also be ...

On Sep 2, 3:49 pm, The Trucker <mik...@verizon.net> wrote: On Tue, 02 Sep 2008 09:56:00 -0700, Shrikeback wrote: On Sep 1, 5:01 pm, The Trucker <mik...@verizon.net> wrote: On Mon, 01 Sep 2008 10:44:44 -0700, Shrikeback wrote: On Sep 1, 8:14 am, Bret Cahill <BretCah...@aol.com> wrote: "Labor is prior to, and independent of, ...

The Trucker wrote: On Tue, 02 Sep 2008 19:47:37 -0400, Les Cargill wrote: The Trucker wrote: On Tue, 02 Sep 2008 09:56:00 -0700, Shrikeback wrote: <snip> Speculative bets on shortages, or creating shortages do absolutely nothing to enhance production. They, in fact, impede production. The use of "savings" in this way is not an example of capital. 1) Speculation isn't particularly "...

"Fred Weiss" <fredweiss@papertig.com> wrote in message news:1f9d4f15-7f7c-437c-afb9-07d5d3658a28@b1g2000hsg.googlegroups.com... On Sep 1, 8:10 pm, The Trucker <mik...@verizon.net> wrote: On Mon, 01 Sep 2008 14:04:03 -0700, Fred Weiss wrote: Subsequent economists, most famously the Austrian School led by Menger and Bohm-Bawerk completely rejected this idea. The Austrians are a laugh. And that includes Hayek. Well,...

On Tue, 02 Sep 2008 19:47:37 -0400, Les Cargill wrote: The Trucker wrote: On Tue, 02 Sep 2008 09:56:00 -0700, Shrikeback wrote: <snip> Speculative bets on shortages, or creating shortages do absolutely nothing to enhance production. They, in fact, impede production. The use of "savings" in this way is not an example of capital. 1) Speculation isn't particularly "capitalist" - it does not ...

The Trucker wrote: On Tue, 02 Sep 2008 09:56:00 -0700, Shrikeback wrote: <snip> Speculative bets on shortages, or creating shortages do absolutely nothing to enhance production. They, in fact, impede production. The use of "savings" in this way is not an example of capital. 1) Speculation isn't particularly "capitalist" - it does not involve technological development of the means of production. 2) Without ...

On Tue, 02 Sep 2008 09:56:00 -0700, Shrikeback wrote: On Sep 1, 5:01 pm, The Trucker <mik...@verizon.net> wrote: On Mon, 01 Sep 2008 10:44:44 -0700, Shrikeback wrote: On Sep 1, 8:14 am, Bret Cahill <BretCah...@aol.com> wrote: "Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if Labor had not first existed. Labor is superior to capital, and deserves...