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Santi reports: Argentina

Santi reports: Argentina. Joel reports: What are the DJIA, S&P and NASDAQ indices?. MLA: 100% Compliance . Walter Williams.

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Santi reports: Argentina

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  1. Santi reports: Argentina

  2. Joel reports: What are the DJIA, S&P and NASDAQ indices?

  3. MLA: 100% Compliance

  4. Walter Williams “A historian writing 100 or 200 years from now might well say, ‘You know, there was this little historical curiosity that existed for maybe 200 years, where people were free from arbitrary abuse and control by government and where there was a large measure of respect for private property rights. But then it went back to the normal state of affairs.”

  5. So what did we learn in Chap. 14: “An Overview” of Time & Risk?

  6. Financial Institutions

  7. Financial Institutions • Financial institutions such as banks allow vast numbers of people who don’t know each other to use each other’s money

  8. Financial Institutions • Financial institutions such as banks allow vast numbers of people who don’t know each other to use each other’s money • Banks, S&L, Credit Unions assume responsibilities for assessing risks, and making loans to individuals and businesses

  9. Financial Institutions • Financial institutions such as banks allow vast numbers of people who don’t know each other to use each other’s money • Banks, S&L, Credit Unions assume responsibilities for assessing risks, and making loans to individuals and businesses • Societies without such institutions are usually poor

  10. Time and Money

  11. Time and Money • Whoever has ability to delay, has ability to impose costs

  12. Time and Money • Whoever has ability to delay, has ability to impose costs • Environmentalists, preservationists, government bureaucracies, other third parties specialize in this

  13. Time and Money • Whoever has ability to delay, has ability to impose costs • Environmentalists, preservationists, government bureaucracies, other third parties specialize in this • Economic consequences often take time to develop, enabling politicians to escape the consequences of their actions

  14. Time and Money • Whoever has ability to delay, has ability to impose costs • Environmentalists, preservationists, government bureaucracies, other third parties specialize in this • Economic consequences often take time to develop, enabling politicians to escape the consequences of their actions

  15. Time and Money • Econ policies are often discussed in terms of the goals they proclaim, rather than incentives they create

  16. Assignment for February 2 • Read interview with Walter Williams in Wall Street Journal (link will be on Intended Consequences)

  17. Assignment for February 2 • Read interview with Walter Williams in Wall Street Journal (link will be on Intended Consequences) • Write a 350-essay: You are POTUS (ok, all-powerful POTUS) for a week. What things would you do to improve the lives of African-Americans? Use full Sowellian thinking; your opinions are welcome, as long as you can back them up with Dr. S’s theorem

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