http://theunbrokenwindow.com/2009/05/08/why-money-matters/ The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. - F.A. Hayek Thu, 24 May 2012 03:09:54 +0000 hourly 1 http://wordpress.org/?v=3.0.3 http://theunbrokenwindow.com/2009/05/08/why-money-matters/comment-page-1/#comment-10411 The Vaccine Police | The Unbroken Window Fri, 30 Oct 2009 11:41:12 +0000 http://theunbrokenwindow.com/2009/05/08/why-money-matters/#comment-10411 [...] The beauty of markets and the price system is that you do not need “vaccine police” to take care of all of these problems. “We” are the vaccine police when production, consumption and allocation decisions are informed by the price system. Let’s think of an analogy – when your city faces water shortages during a hot, dry, summer. [...] [...] The beauty of markets and the price system is that you do not need “vaccine police” to take care of all of these problems. “We” are the vaccine police when production, consumption and allocation decisions are informed by the price system. Let’s think of an analogy – when your city faces water shortages during a hot, dry, summer. [...]

]]> http://theunbrokenwindow.com/2009/05/08/why-money-matters/comment-page-1/#comment-5160 Michael Mon, 11 May 2009 17:48:03 +0000 http://theunbrokenwindow.com/2009/05/08/why-money-matters/#comment-5160 I like to emphasize that the producer surplus also includes wages of the workers. A lot of times, it seems people assume a Marxist position that the producers are these rich managers. I like to emphasize that the producer surplus also includes wages of the workers. A lot of times, it seems people assume a Marxist position that the producers are these rich managers.

]]> http://theunbrokenwindow.com/2009/05/08/why-money-matters/comment-page-1/#comment-5080 Econobran Sat, 09 May 2009 12:20:14 +0000 http://theunbrokenwindow.com/2009/05/08/why-money-matters/#comment-5080 Excellent analogy and explanation. If only others could see things that clearly... Excellent analogy and explanation. If only others could see things that clearly…

]]> http://theunbrokenwindow.com/2009/05/08/why-money-matters/comment-page-1/#comment-5069 Harry Sat, 09 May 2009 05:41:23 +0000 http://theunbrokenwindow.com/2009/05/08/why-money-matters/#comment-5069 I sure hope your students appreciate your lectures, if the above were notes from a recent one. Who are these people who argue that people have no money? Your fellow professors at the U of R? Everybody has money, from time to time, especially here in the US. Not everybody is rolling in it like Uncle Scrooge, but we are a prosperous nation. There is always someone out there who will hire you if you are willing to show up and follow instructions, and a promotion is just around the corner if you can demonstrate a few ounces of eagerness. You can even start your own business, assuming that you can afford the occupancy permit, the licensing fees, and the real estate taxes, and demonstrate your viability to the bank and your relatives that you can turn a profit. The burr under Obama's saddle is that some people are more deserving of other people's money, or their ox, or their ass, or anything that belongs to their neighbor. Therefore, the government should be allowed to declare that if they plug in capital into a failing business they are allowed to take whatever they deem fair, because it's the law of the jungle. What they fail to recognize is that their every move discourages people from taking the risk of actually making something for sale, which is the wellspring of wealth. Thanks, wintercow, for another good essay. Now, to throw some food into the cafeteria air, I take issue with your use of the phrase, "to have issues" , meaning that one disagrees with, or is sickened and revolted by, or agrees with in part, with some argument. I'ts permissible for John McLaughlin to ask Eleanor Clift about "Issue One" or to discuss how Queen Elizabeth's issue are behaving, but one should not have issues with those who have issues with those who have issues with them. Et Cetera. I sure hope your students appreciate your lectures, if the above were notes from a recent one.
Who are these people who argue that people have no money? Your fellow professors at the U of R?
Everybody has money, from time to time, especially here in the US. Not everybody is rolling in it like Uncle Scrooge, but we are a prosperous nation. There is always someone out there who will hire you if you are willing to show up and follow instructions, and a promotion is just around the corner if you can demonstrate a few ounces of eagerness. You can even start your own business, assuming that you can afford the occupancy permit, the licensing fees, and the real estate taxes, and demonstrate your viability to the bank and your relatives that you can turn a profit.
The burr under Obama’s saddle is that some people are more deserving of other people’s money, or their ox, or their ass, or anything that belongs to their neighbor. Therefore, the government should be allowed to declare that if they plug in capital into a failing business they are allowed to take whatever they deem fair, because it’s the law of the jungle. What they fail to recognize is that their every move discourages people from taking the risk of actually making something for sale, which is the wellspring of wealth.
Thanks, wintercow, for another good essay.
Now, to throw some food into the cafeteria air, I take issue with your use of the phrase, “to have issues” , meaning that one disagrees with, or is sickened and revolted by, or agrees with in part, with some argument.
I’ts permissible for John McLaughlin to ask Eleanor Clift about “Issue One” or to discuss how Queen Elizabeth’s issue are behaving, but one should not have issues with those who have issues with those who have issues with them. Et Cetera.

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