[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]

Hank,

Yeah I hear that.

I am just flabbergasted these days talking to people about their credit 
habits. How many do you know who would buy that pair of shoes on their 
credit card, then, make the minimum monthly payment?

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:
> 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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