Hi
May I suggest that one reads Rigged by Ben Mezrich if you really want to
scare yourself on the validity of the market. It is about the New York
Mercantile Exchange.
Peter McMurray
"Chandru Murthi" <cmurth_xyz@[EMAIL PROTECTED]
> wrote in message
news:pxxFj.1853$L92.505@[EMAIL PROTECTED]
> Saying taxes are "confiscatory" (in this country, no less!) tends to
bring
> out my hyperbolic side.
>
> Implying also that markets in this free-wheeling society are
> "unreasonably" regulated is equally a red flag. How? Where? Compared to
> 18th century pre-industrial society?
>
> If indeed, we had any decent "regulation" in place, we would
> - not have had the Savings-Loan and current Mortgage crises.
> - not have confiscatory levels of health costs.
> - not have the growing inequity between haves/(or, in Bush's term
> have-mores) and the poor.
>
> etc etc. But I preach to the unconverted, so before someone points out
> that this is VERY OT, I shall stop.
>
> Chandru Murthi
>
> PS Agree with late BB, probably a first for me, but for doubtless
> completely different reasons. Otoh, a close look at our esteemed
> legislators (particularly the ones lately in the news in NY) might
> indicate that maybe that's how they were chosen.
>
> "Bill H" <someone@[EMAIL PROTECTED]
> wrote in message
> news:fo6dnfMozcwVf3janZ2dnUVZ_ualnZ2d@[EMAIL PROTECTED]
>> Ahh, the proverbial straw man agument. Noone suggests government
should
>> disappear; however this proposition appears to be necessary in order to
>> put forward a good socialist theory against reasonably regulated
markets.
>> Perhaps a review of a few books on basic economics would be in order.
>>
>> Bill Buckley once opined he would rather be ruled by the first 500
people
>> from the Boston telephone book than the entire faculty of Harvard
>> University. Markets have a tendency to eliminate the arrogance of the
>> ruling class. :-)
>>
>> Bill
>>
>> "Chandru Murthi" <cmurth_xyz@[EMAIL PROTECTED]
> wrote in message
>> news:NAcFj.90$EJ2.57@[EMAIL PROTECTED]
>>>
>>> "Bill H" <someone@[EMAIL PROTECTED]
> wrote in message
>>> news:e5adnckYV_Od-nnanZ2dnUVZ_vCknZ2d@[EMAIL PROTECTED]
>>>> Isn't it astoni****ng what the law of supply and demand provides?
>>>
>>> Which is?
>>>> Hopefully, gov't over-interference (via capricious and confiscatory
>>>> taxes) will be minimized to allow the proper allocation of scarce
>>>> resources. :-)
>>>
>>> Yeah, it would be wonderful if government disappeared entirely,
leaving
>>> us up to the mercy of the market, and the rapacious few who take
>>> advantage of it. That way those of us who are truly fit will survive
and
>>> the rest will die off. A most equitable result.
>>>
>>> Chandru
>>>
>>>> Bill
>>>>
>>>> "frosty" <frostyj@[EMAIL PROTECTED]
> wrote in message
>>>> news:LIOdnYU5OIJMk37anZ2dnUVZ_smnnZ2d@[EMAIL PROTECTED]
>>>>> Peter McMurray wrote:
>>>>>> ..Current UK price is 114.25p per litre, like us they have an
>>>>>> increasing gap between unleaded and diesel with diesel getting more
>>>>>> and more expensive so those chooks had quite a ride. By the way
does
>>>>>> your 4$ include taxes I have assumed that it does.
>>>>>
>>>>> Yes, taxes are included. And price increases for diesel, here,
>>>>> are also outpacing price increases for gasoline. Diesel was
>>>>> $1.52/gal, about $.25 less than low grade gas, when I first
>>>>> started buying it. Lately, it will be $.25 (or more) above
>>>>> premium gas.
>>>>>
>>>>> --
>>>>> frosty
>>>>>
>>>>
>>>>
>>>
>>>
>>
>>
>
>
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