Video61@[EMAIL PROTECTED]
wrote:
> On May 15, 6:12 pm, Les Cargill <lcarg...@[EMAIL PROTECTED]
> wrote:
>> Vide...@[EMAIL PROTECTED]
wrote:
>>> On May 15, 1:09 am, orangata...@[EMAIL PROTECTED]
wrote:
>> <snip>
>>
>>> machavillion freedom. freedom to do what, to whom, for what? you are
>>> a indoctrinated fool.
>> You've shown repeatedly that you don't understand either of
>> Machiavelli nor Friedman.
>>
>
> sure i do.
I wonder.
> its you that is the chanter.
I think the first thing I ever posted to sci.econ, back when
David ran it, was "... but people aren't rational." He advised me
to look up "normative assumption." Which I did. That was a good
day.
>
so, if freidman says all
> information is perfect, markets are perfect, and all persons involved
> in a transaction are rational, and have correct, perfect information.
I have to agree - this one thing of Friedman's continues
to bedevil people. I interpret it as being like the
frictionless billiard-ball physics of ninth graders - he
was simplifying the message to make it a mass message. But
he's going to the market as a source of information itself,
which is what was intended to impress people.
Indeed, I don't think you can talk about comparative
advantage without *im*perfect information. *People* are
*im*perfect. Groupthink happens; that is why we have
bubbles and whatnot.
But I don't really know what he intended with all that, and
it's largely beside the point. I think this
is a lot more interesting:
http://www.janegalt.net/blog/archives/004833.html
> that is a straight shooter, who does not practice double speak. or, he
> was a idiot, possibly insane not to understand his fellow human being,
> and completely ignorant of history. which was he?
Why, he might simply have been.... *im*perfect. :) Newton
was just absolutely insane at points, but his work is highly
useful. Old Milton was far from crazy.
> all fascism is, is libertarianism in decay.
>
Well okay then. And all up is down, and all blue is green. Bully! All
this stuff headends in human psychology, which is ... ugly.
"What's the ugliest part of your body? It could be your mind." - Frank
Zappa.
>> --
>> Les Cargill
>
--
Les Cargill
|
