13-01-2003 00:45									#391
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Did someone let you out of your cage?

	13-01-2003 00:49									#392
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quote: Originally posted by DrSpike Did someone let you out of your cage?

spammer.

	13-01-2003 00:50									#393
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troll.

	13-01-2003 00:51									#394
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quote: Originally posted by DrSpike troll.

last word.

	13-01-2003 00:54									#395
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quote: Originally posted by GP last word.

Somewhat optimistic.

	13-01-2003 00:56									#396
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Oh you two.

The sexual tension in this thread is running high!

	13-01-2003 00:58									#397
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Didn't know GP went that way. It explains a lot.

	13-01-2003 01:01									#398
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quote: Originally posted by GP Oh...don't post the same crap. We've all done the natural rights one to death. Talk some Nash Equilibrium if you want to get geeky on the Game Theory. That will get me off.

As far as I know this has nothing to do with natural rights (I'm fond of talking about them because I do philosophy) and everything to do with attempting to predict what will happen if taxation became voluntary. I thought attempting to predict the future was half of economics.



Anyway, I can't think of anything else to say except to disagree that government owned industries are necessarily worse than private ones.


There, that should raise a few laughs and perhaps some howls of outrage.



And Ted, I wouldn't bet on your claim.

	13-01-2003 01:02									#399
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I met a hawtie in the Denver airport.

	13-01-2003 01:03									#400
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Oh, you are in Denver? What does she look like?

	13-01-2003 01:16									#401
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quote: Originally posted by DrSpike Didn't know GP went that way. It explains a lot.

Don't get excited, "spike".

	13-01-2003 01:25									#402
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quote: Originally posted by Agathon Anyway, I can't think of anything else to say except to disagree that government owned industries are necessarily worse than private ones. There, that should raise a few laughs and perhaps some howls of outrage.

It depends on your definition of worse. By most financial measurements they are worse. The cause being that government industries are run for political objectives not financial ones. But if your objective function is job creation, than maybe you can make an argument. I still think there are better ways to achieve social objectives though. Welfare and such.

	13-01-2003 01:28									#403
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quote: Originally posted by Ted Striker Oh, you are in Denver? What does she look like?

Sort of a female soccer player build. Slim carries herself athletically. 5-6 or so. Blondish brown hairt.

	13-01-2003 01:29									#404
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quote: The cause being that government industries are run for political objectives not financial ones. But if your objective function is job creation, than maybe you can make an argument.

Exactly... and they are one and the same. Because they are political they do a good job creating jobs. Of course, a great many of the jobs are useless to create (massive hidden unemployment in the government).

But it does depend on whether you value efficiency or job creation (though they don't have to be at opposites... just in the government ).

	13-01-2003 01:32									#405
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quote: Originally posted by GP Sort of a female soccer player build. Slim carries herself athletically. 5-6 or so. Blondish brown hairt.

I know the exact type. I bet she has good circulation.

	13-01-2003 01:36									#406
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quote: Originally posted by Imran Siddiqui quote: The cause being that government industries are run for political objectives not financial ones. But if your objective function is job creation, than maybe you can make an argument. Exactly... and they are one and the same. Because they are political they do a good job creating jobs. Of course, a great many of the jobs are useless to create (massive hidden unemployment in the government). But it does depend on whether you value efficiency or job creation (though they don't have to be at opposites... just in the government ).

What are some examples of government run industries with political motivations?

	13-01-2003 01:37									#407
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quote: The sexual tension in this thread is running high!

It always does Derek .

	13-01-2003 01:41									#408
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quote: What are some examples of government run industries with political motivations?

Not specifically 'industries' in the US, but across the pond in the UK, plenty of government run industries (like British Airways) were fairly inefficient before Maggie privatized it. Though it was good for a job .

Amtrack is a quasi-government industry in the US, and I don't have to tell you the problems there with efficiency .

	13-01-2003 01:46									#409
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quote: Originally posted by Imran Siddiqui quote: The sexual tension in this thread is running high! It always does Derek .

I don't know about you but those equilibrium charts do wonders for my libido.

	13-01-2003 01:48									#410
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J-curve, baby... J-curve .

	13-01-2003 02:08									#411
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Amtrack. Postal service.

	13-01-2003 02:11									#412
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I thought the argument for those was that they were for the greater good and not job creators (well they are job creators but those are necessary services).

	13-01-2003 02:16									#413
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The postal service was pretty explicitly a jobs sponge at various times in its existence. For instance, the mail was delivered twice a day for many years.

Hershell has questioned why we haven't privatized this service, since we've privatized most other things. I've come around to agreeing that there would probably be a benefit to doing so.

	13-01-2003 02:18									#414
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2002 was a record loss for the Post Office.

	13-01-2003 02:21									#415
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Yes, while FedEx and UPS seem to do OK.

	13-01-2003 02:22									#416
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Well, actually the idea of some limited job sponging sounds appealing, there needs to be a place that remains constant in terms of human resources requirements, as these places give people a place to retreat to when they get canned by the "efficient" private companies.

	13-01-2003 02:25									#417
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All that would do is reward inefficiency. I think the unemployed should find refuge in healthy industries. The ability and tendency to shed jobs so quickly is an advantage for US industry, since the contraposit (hiring so quickly) is also true.

	13-01-2003 02:28									#418
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quote: Originally posted by DanS All that would do is reward inefficiency. I think the unemployed should find refuge in healthy industries. The ability and tendency to shed jobs so quickly is an advantage for US industry.

Exactly......productivity growth can reduce employment within an industry, but not at the aggregate level.

	13-01-2003 02:29									#419
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When there is limited job growth across the board in the private sector, the public sector can serve as a buffer while the private sector gets its act together.

	13-01-2003 02:30									#420
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I DanSed you some.