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  • John Locke

    Currently reading a book which goes into Locke in some detail. Quote: Locke sought to make sure that, if political participation presupposed leisure, the poor would be kept at work. In 1697, in conformity with his view that unemployment was caused by “ nothing else but the relaxation of discipline and corruption of manners,” Locke recommended
    Posted to Economics Questions (Forum) by ravochol on Wed, Jun 23 2010
  • Re: BP's obligation to fishermen

    extent of the spill up to now: http://www.youtube.com/watch?v=2VV8UNAtQCw&feature=player_embedded BP's "relief drills" are just a bluff; they won't be ready by August. This thing is going to be going for a WHILE.
    Posted to Economics Questions (Forum) by ravochol on Tue, Jun 22 2010
  • Re: BP's obligation to fishermen

    Forget the fishermen, BP is going to be liable for a plague of cancer and poisoning all across the Gulf coast; once the toxic fumes start raining down on the adjacent land, BP is going to be liable for the medical bills, lost income, and pain and suffering of the entire populations of entire states. I know the Mises institute is based in Auburn, I'd
    Posted to Economics Questions (Forum) by ravochol on Tue, Jun 22 2010
  • 4 - 5 U.S. Aircraft Carriers to the Persian Gulf?

    US Begins Massive Military Build Up Around Iran, Sending Up To 4 New Carrier Groups In Region If true, this looks like the most credible preparations for a strike on Iran yet. Holy #$%#$, if there's an attack on Iran, all bloody hell is going to break loose. This article claims the carriers will be close enough to Iran to be "visible"
    Posted to Current Events (Forum) by ravochol on Tue, Jun 22 2010
  • Re: Infinite $ damage from BP oil spill?

    wow, view from space
    Posted to Economics Questions (Forum) by ravochol on Tue, Jun 22 2010
  • Re: The role of Government

    do you think that's why they exist in fact then? very interesting document as a whole, I must say; "Notes of the Secret Debates of the Federal Convention of 1787"
    Posted to Political Theory (Forum) by ravochol on Tue, Jun 22 2010
  • Re: The role of Government

    "then it would be correct." do you mean correct in fact or morally correct? the full quote: Mr. MADISON. We are now to determine whether the republican form shall be the basis of our government. -I admit there is weight in the objection of the gentleman from South Carolina; but no plan can steer clear of objections. That great powers are to
    Posted to Political Theory (Forum) by ravochol on Tue, Jun 22 2010
  • Infinite $ damage from BP oil spill?

    Below is a recent excerpt from an article which implies that the BP oil spill + dispersants might be so toxic, that just going near it to clean it up might be poisoning the cleanup workers. Other estimates have put the area of the Gulf affected by the spill as as much as 40% of the whole Gulf. Further, consider that many of the chemical compounds in
    Posted to Economics Questions (Forum) by ravochol on Tue, Jun 22 2010
  • Re: Rethinking the universality of Economics.

    Yes everything has a decreasing marginal utility at some point or in some way, but not everything has a marginal decreasing utility in every way or in every situtation. "Marginal decreasing utility" isn't a law like the "law of gravity," it's a general principle or rule of thumb, like everything in the social sciences or
    Posted to Economics Questions (Forum) by ravochol on Tue, Jun 22 2010
  • Re: Other economic schools with a central bank?

    test
    Posted to Economics Questions (Forum) by ravochol on Tue, Jun 22 2010
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