tag:blogger.com,1999:blog-3621026.post7945882217338427133..comments2024-03-29T06:05:04.162+01:00Comments on Robert's Stochastic thoughts: Roberthttp://www.blogger.com/profile/14455788499385673507noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3621026.post-60614384210529592012008-12-09T09:32:00.000+01:002008-12-09T09:32:00.000+01:00I wrote unclearly. My proposal is that we keep on...I wrote unclearly. <BR/><BR/>My proposal is that we keep on doing what we have been doing. Tax income to pay people to provide services which are undervalued by the market. With taxes and spending chosen by our elected representatives. A huge majority is needed to do anything, because of the filibuster in the Senate.<BR/><BR/>Over at AngryBear I gave examples of the sort of people who should get public money. The examples weren't made up. They are my father, my sister and my mother all of whom are (or were my mom is retired) public sector employees.<BR/><BR/>Paying them to do what they do is efficient.<BR/><BR/>My brother is a private sector employee. <BR/><BR/>I am a public sector employee. I didn't say that paying all of us is efficient and make no claims about the extent to which I do or don't earn my salary.Roberthttps://www.blogger.com/profile/14455788499385673507noreply@blogger.comtag:blogger.com,1999:blog-3621026.post-40566671770828270022008-12-08T21:59:00.000+01:002008-12-08T21:59:00.000+01:00Robert, in your alternative to market valuation, c...Robert, in your alternative to market valuation, could you sketch the mechanisms by which you believe we could (1) determine the popular defeater and (2) implement the correction? Roughly, do you have in mind something along the lines of a plebiscite followed by standard regulatory intervention? Or something more exotic?Michael Drakehttps://www.blogger.com/profile/06141593700908475896noreply@blogger.com