Now we get John's unsubstantiated rubbish.  I see nothing to back up
your claims.  Not one shred of supporting evidence.


> > More unsubstantiated crap from Tony.  Care to try and back any of
> > this up with some actual facts Tony?
> >
> > Steve
>
> No overgeneralization by Tony. The republican party is dominated by
> a
> ramshackle group epitomized by ad hoc economic theories derived
> from the
> notion of private property. One of their most favourite economists
> is Von
> Hayek, the economist that asserted that everything must have a

Now that is funny since Hayek was an Austrian and most
"conservatives" in the U.S. would not like his "libertarian" message.


> price, and
> that every form of capital should be managed to maximize rents, or
> in other
> words maximize 'net present value'.

I'd love to see where you got this from?



> According to Hayek there is one market, and that market is free,

I seriously doubt you got this from Hayek.  I have read Hayek and
have not seen his reference to just one market.


> and that
> determines the value of everything. The worst case scenario for a
> conservative mind is to have capital remove from the market. That
> is why
> real estate agents hate public housing, parks, et cetera. And the
> simple
> CRAPOLA that drives the idea of the maximization of net present
> valuing is
> fraud, luxury consumption, and pride of possession (Adam Smith,
> Sentiments)
>
> Unfortunately there are many natural resources which cannot be
> maximized for
> net present value. Simply stated the conservative, neo-liberal
> classic
> laissez faire policies result in nothing other than depletion.

Another unsubstantiated statement.  I could just as easily right that
liberal, neo-commie classic command and control policies result in
environmental destruction unparalleled anywhere in the West.  Don't
know if it is true, but who gives a shit, sure sounds good.



> Discount me said the salmon. With net present value maximization
> there is
> economic justification for the liquidation of old growth, salmon
> stocks, and
> all oil and gas. That is what the former USSR is doing now:

Bzzt.  Wrong.  Maximization of the net present value of an assest
could result in depletion.  Not the word 'could' there.  It is not an
inevitable outcome.


> maximizing net
> present value of its oil and gas. Once that is all used up RUSSIA
> will end
> up with a negative trade balance and runaway inflation.

Now that is interesting.  A negative trade imbalance resulting in
runaway inflation.  Pray tell John, how does this work?  How does a
negative trade imbalance result in runaway inflation?


> Using net present values to maximize personal utility is tantamount
> to
> 'selling the goose that laid the golden egg.'

Oh, shifting gears now, eh?  Maximizing the present value of utility
is what consumers do right now.  By the way, when you are talking
about utility you are almost always talking about consumers.



> We found that early in our forest economic classes. It is best to
> sell all
> the timber on a tract of land when the market price is the highest
> than it
> is to sell a sustainable amount of timber each planning decade. The

Really?  Care to actually give the example in full detail?


> notion
> of sustainable yield in forestry is contrary to the economic ink of
> Hayek
> and company.
>
> For the conservative there is only one role for the state and that
> is to
> have a military and a justice system (Russell Kirk, The
> Conservative Mind).

Wrong again John.  This would be the libertarian mind.  Calling a
libertarian a conservative would be like calling you a conservative.

Steve


=====
"In a nutshell, he [Steve] is 100% unadulterated evil. I do not believe in a 'Satan', but this man is as close to 'the real McCoy' as they come."
--Jamey Lee West

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