[Rhodes22-list] Political - big Al delete - Brads economic question - However Big Al have considered that you opinions might be necessary to keep the young'uns in reality?

[Rik Sandberg]

Ed & Brad,

Ha ha ..... yeah and if you found that twenty dollar bill and said hmmm, 
a windfall and put it in the bank, pretty soon it would be forty dollars.

This (saving) is apparently another foreign concept anymore.

I wunder sumtimes if koledge isn't over-rated.

Rik

"There's a reason why bankers drive Cadillacs and the rest of us drive Chevies. Bankers collect interest,... The rest of us pay it" .... Rik Sandberg



Brad Haslett wrote:
> Ed,
>
> Good article.  I've watched a number of smart accounting students and MBA
> candidates struggle with the concept of "sunk costs" because they couldn't
> remove emotions from the decision making process.  One professor used the
> example of finding a twenty-dollar bill on the sidewalk.  Is its value zero
> because it was free or is it worth $20?  If you paid $20 for a share of a
> company that failed and went out of business, is your share worth $20 or is
> it worthless?
>
> You'd think that the fear mongers of global warming would be ecstatic about
> $4 a gallon gasoline. And yet, the same voices are crying for a solution for
> high gas prices.  No problem, let's start drilling!  No, we can't do that
> because of the "environment".  Fine, let gasoline go to five bucks a gallon
> and we'll slow global warming and "help" the environment. The laws of supply
> and demand are pretty straight forward provided you keep emotions and
> "rights" out of the decision making process.
>
> Brad
>
>
>
> On Fri, May 2, 2008 at 7:06 AM, Tootle <ekroposki at charter.net> wrote:
>
>   
>> Brad stated, "Here's a novel idea for the passenger airlines I learned in
>> grad school - if it costs 4 cents to produce your product, charge a
>> nickel."
>>
>> Then he followed with a question, "Where do we find these people?"
>>
>> Brad, your question presupposes that the readers either understand
>> business
>> (aka economics) or give a damn.  Remember you are asking that question to
>> supporters of Hillary and Obama and maybe even McCain.
>>
>> And Michael M has already said that we need to lay off the subject.
>> Apparently the socialists among us have been discretely given a green
>> light
>> by Michael M.  One posts an obviously baiting citation of a Maine advocacy
>> of national health care.
>>
>> I ask you how many understand the following short article?
>>
>>
>> http://www.gmu.edu/departments/economics/wew/articles/07/economicthinking.htm
>>
>> Ed K
>> Greenville, SC, USA
>>
>>
>> --
>> View this message in context:
>> http://www.nabble.com/Political---big-Al-delete---Brads-economic-question---However-Big-Al-have-considered-that-you-opinions-might-be-necessary-to-keep-the-young%27uns-in-reality--tp17017185p17017185.html
>> Sent from the Rhodes 22 mailing list archive at Nabble.com.
>>
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