Back to the Parlor

« why write the following | | never too soon »

House of Paine Home

far out man...

wonderful post

the guy has an inverted kroptkin theory

of the drivers of society in west euro civ 

during the 11th-16th century 

papists as the prog force lovely 

guy must be from goa 

love these sweeps 

when i took acid

in the late night 60's

only memes that big

covering half millenia at a stride

kept my mind from going down 

the drain hole at its center 

far f...in' out man 

mark 

you are a juggler of attractions

like ed sullivan 



----------------

kostas

"lets go from the "five-year production plans" can never work to socialist planned economy can work too: under well controlled conditions" 

i like your line 

but what are u doing in a place like this ???



my small circle 

of ex " total plan" fanatics 

have been working

on a new CENTRAL PLAN MODEL

we call PLANS-MART 

interested ??

and just imagine 

we met 

at a uncle milty fest 

---------------

andrew writes:

"I always enjoy discussions with non-ideological, intelligent, and open-minded people;"

now is it the case 

ideological people are most often 

not

open minded ???

(btw unintelligent i'm assuming 

you think is orthogonal

to this open closed mind divide )

but then you suggest you do enjoy ideological folks conversation so long as they are 

"people that truely have conservative or liberal (or libertarian) outlooks and are not zealots"

so is zealot the same as closed minded ???

perhaps a convinced mind might be worth a few exchanged words 

if that's so

then a convinced closed mind 

and a mind able and willing

to lend a careful ear

are not a contradiction 

and a zealot is a firey closed mind 

open only to attack and undisturbed preaching 

a convinced mind like mine

is as often as not

challenged by contrary views 

and even if unswayed

not just eager to refute contrary notions 

if confident of his/her ground and ability 

he/her might be most interested in the joust 

its been my experience

that convinced minds

not sharing

your sense of tentative searching 

once its gone on too long 

are likely to grow impatient 

and prefer the devil himself 

----------

anne you are the avenger 'round here

when it comes to big pharma 

bravo 

i can keep the hands folded

and let you rip away 

Posted by: js paine | Jan 25, 2007 3:36:05 PM

am i wrong here mark

or have we a new repug hit song

more and more

inequality won't make you less happy after all ???

nice to see the denial phase has ended

so reynolds can go back to making foil wrap 

the cigarette boys should have done the same

shifted ground and said

stuff like 

study shows 

dying prematurely 

of lung cancer 

won't make you less happy 

and cite 

a recent study 

by

death institute

shows no matter 

which way 

or why 

you die early

you 'll feel the same about it 

Posted by: js paine | Jan 25, 2007 3:42:25 PM

---------------

ahh my favorite topic

taxing economic rents

a generalized george system (a ramsey system)

would tax away all non supply regulating incomes 

before taxing any thing else

ground rent

is the locus classicus of this genre of taxes

simple calc really

find the market value of a real property 

with all its improvements 

and 

just subtract the replacement cost of all these improvements

for structures this is 

likely availible in fire insurance company files 

some terre capital leveling a lot

drainage etc etc 

creates ambiguity 

when is it no longer an improvement ??

but 

the rest is the capitalized value of the lot 's stream of future rents

location size fertility deposits etc 

too bad we don't use the word lease universally

so the rent revenue could be saved

for

what we now have to call economic rent

home work

find out the implicit share of increasing ground rent streams 

in total appreciation

during the house lot bubble of the early 2000's 

hint:

its way big 

and quasi 

ie

may disappear 

nice and pedantic eh ?

-------------

dean

do you subscribe

to an inertial theory of nominal wages ??

why otherwise

the inevitable inflation??



i for one see no reason to assume an up tick 

in the wage hikes not covered by unit produuctivity growth 

kicks off the price hikes 

in some simple pass thru 

by the out put price setter 

who willcommit 

the original sin here ???

it 

matters ....no ???

if you try linking changes in the rste of productivity to output price changes

and wage rate changes 

you gotta have a scenario

that's plausible 

or its just

rude black box 'empiricks'



why should a price setter

allow wage increases higher then

his notion of productivity growth ????

can't one make the argument 

only un-anticipated

drops or rises 

in productivity gains

could acccount for the miss calc 

profit margin drop 

aquiessnce in a wage increase

unless you think nominal wage raises are on a trend rate and the boys and girls on 

the production office 

and showroom floors 

are not wage rate maxing all along

but instead have a" moral"

expectation

built on prior raises 

if that is so

perhapps 

the price and wage setter doesn't want to ...upsetthe troops 

for fear of an adverse work effort re action...

and thus does a olay torro move 

and passes the cost thru

and freaks out

the nelly belles

at the fed 



agree about intensity 

and slack as not relevent 

to your projected concern

a secular slowing of 

p rate growth 

it is an 

" unexpected slowdown "

that 

exactly might lead

to squoozen margins 

and phase two price rises 

-----------------------

my point

--a humble one---

a secular shift to a lower

p growth rate

(your conjecture)

will be adjusted to ..

with a now shorter interval

and leave no reason 

to assume long run core inflation 

will be effected

and thus no reason to haul 

up the fed rates 

no nominal wage change

isn't

lucas rational

but close ....

------------------------- 

ps

to me its interesting

to look at the decline

of cola bargaining 

as a spiral killer

since colas really obviate one problem 

real wage losses 

by intensifying 

another 

wage price interaction 

 for one

wish i had the confidence

to say one way or the other

my gut has not been won over by any tech rev cycle explanations ...so far

why do i think the

new quasi rent part of value added can flux like asset markets

ie

travel on their own fumes

and then 

choke on em too 

imagine a new product that sells at a premium

a patent right income

machines that when put

in a mill cut labor costs 

save energy 

do their doodling faster or more precisely

somebody in the buying firm or household has to figure what ths new products worth

right ?

(btw :

anything that is 

non supply regulating but transitory is called a quasi rent after marshall i believe)

at any rate maybe folks over rate this new stuff 

internet ads

a super duper framus for the faucet making foundry 

so its sale price

may leap clear of its competition and substitutes 

get bid up too high

or busted out too low 

slump

like the low 80s

or boom like the high 90s

just like a stock

call it animal innovation spirits 

but this product

unlike a stock price

though equally speculative

is now part of new value added 

and thus ups the va part of the ratio

that ultimately

is labor productivity 

clear as a mud flat eh ???

my conjecture 

as of today 

is like tesslers tower on long island 

unholy cheese

but as i say 

"my gut "

-- a known bragger

body wide ---

thinks its 

on to something here 



Posted by: js paine 

Posted by js paine at January 27, 2007 01:07 AM

Back to the Parlor

« why write the following | | never too soon »

House of Paine Home