Re: poly: Re: Why interest rates may stay low

Robin writes:
> We seem to be confusing each other. It seems we both agree that a large
> number of projects with huge returns later should induce huge investment
> now in rights need for those later returns (like near-solar mass).
> So the lack of much investment in this now (far below anything that would
> "test this upper limit of investment supply") suggests investors don't
> anticipate such huge future returns. From which I conclude that such
> huge future returns are unlikley. What do you conclude?

Isn't that like the economist joke:

| Two economists are walking down the street. One sees a $100 bill lying
| on the sidewalk, and says so.
|
| "Obviously not," says the other. "If there were, someone would have
| picked it up!"

Here's another one I found I found while I was searching for that one:

| Two economists were walking down the street when they noticed two women
| yelling across the street at each other from their apartment windows.
|
| Of course they will never come to agreement, stated the first economist.
|
| And why is that, inquired his companion,
|
| Why, of course, because they are arguing from different premises.

Hal
Received on Mon Mar 23 21:18:06 1998