[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]

RIk,

I recently bought the most expensive pair of shoes I've ever bought.  $130
for a pair of Johnston and Murphy leather dress slip-ons.  I almost had a
heart attack when they were rung up.

Hank


On 5/2/08, Rik Sandberg <sanderico1 at gmail.com> wrote:
>
> Hank,
>
> Admittedly interest rates are a bit slim these days.
>
> But, the way most people seem to think these days, if they found 20 on
> the street, they would only have to borrow another 100 to buy that cool
> new pair of shoes.
>
> 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
>
>
>
> Hank wrote:
> > 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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