[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?

[Hank]

Pretty soon it would be $40?  What bank do you use?  I want that interest
rate!!!

Hank


On 5/2/08, Rik Sandberg <sanderico1 at gmail.com> wrote:
>
> 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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> >>
> >>
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