============================: THU.DEC,971204 :============================
PaulLarossa - EastBridge is host .
JimPowell; 203-226-2225 no e-mail right now . leave e-mail addresses @ door
 for notification of future meetings . Martin Luther supported Turk Muslim
 slave owners over christians who had sold selves | Milburn | Moses : rulers
 are not gods | Tulius Cicero : Ceaser not god just because slew .75M |
 Layfyette demanding Nepoleon 1814 abdication | RaulWallenberg vs Eichman |
 Lewdwig von Mises 14th st | AynRand 34th St | Berlin Wall Betovn
|19:34| VN : intro to new Book ? yea , some | JP Book : Heroic Struggle for
 Liberty . anthology . 300k words | CharlesFox in England Parlament was for
 Amer Cols .
 980108 speaker : DavidFreedman UC StBabara  |
|19:41| LarryParks : Workers Ed - Labor union : ~1830 10yr days honest Money
 , | ~ fair for | Banks have created 5 T $ since `50 | fed buys assets for
 acounting entry . | Fractional reserve lending | L109 Fed Reserve Fo
 150 B - 5T $ | money out of nothing | only can create for return of interest
 & fees | FedREs - using tax money liquifies bad loans | good example in
 Korea - loaning to Chebls . Saving rate : .35 - bad loans - currancy
 colapsing | Workers hold #s in pass book .  down .2 in last few weeks .
 | not necessarily inflation because going to small grp . Valuations go up .
 |19:51| Paul : Cotton Mather on evils of fiat money .
 Banks colect "coinage"? fees | Morry : Fraction ~ | 50E12 ö 5E9 |>| 10000 |
 Only hold saving for real goods ? topic for  another time
 | Gary :legal tender law ? Deposits become bank property | reserves turn out
  never to be sufficient . 60E12 $ derivative bets
 | VN : suppose banks issued own money - chose own reserve rate . no
  objection ? You seem to be objectioning to Fractional reserves .
|20:1| Speaker came 2500 mi to speak |
 ChrisGarvey;516-935-0180  Patent Attny : Suffok Cty Libertarian .
  Poem : On Global warming : To tax , to rule . | Blame CO2 .
  Sallie 1400 yrs | 2051 turn ,
 JP Chk : July 1 Asian WSJ : HongKong escaped English suffication which
  defeated BIG India .
|20:20| JohnBaden PhD ; Chmn Foundation for Research on Economics and the
 Environment /  www.free-eco.org  ; Boseman MT ,
 Ed writer WSY & WS Times . : Anti Environmental Effects of Govt Intervention
 |  Brain Damaged Republicans & other Misteries | comes frm
 West . Govt own .5 of land west of mid Dakotas . | American counter
 revolution - notion of scientific management .
 Last yr when here Clinton : Utah Coal grab - Lipo owns 1%3 of worlds other
 coal . Fed Land Grab eliminated competition .
 Team 100 Talk : > 100k$ doners Qtly meetin in LA :
 `70 Boseman MT meeting : | Economists : Love : interdependent utility fns .
 Environmental Gore - vs Earth in Bal .
 Foundation : Res In freedom & Environment .
  accross time & culture : Rich , educated , increasingly environmental
  Elasiticity of environmental quality : 2.5 . same as BMW .
 Trout unlimited : Avg income  $105K . 2 sdev above avg .
  conservative on everything but environment .
  Repups support  Ethanols subsidies - salvage foresting .
 James Watt & HelenChenoworth , Don Young Alaska . |
 No one speaking for private responsibilty |
 The Turners & WhoopieGoldberg buying in his nbd in
 Forest svc given trees - didnt need to gro - lose 4-8M$ % yr on free
 inventory . Cash loss : Louisian Pacific . 150k$ bid on
 1.8 milions Board feet , ( | 1.8E6 % 5000 |>| 360 | semi loads .
 | 150E3 % 360 |>| 416.67 | $ % semi load ) ( price appropriate ) .
 | high cost of mnging sale - 3 - 9 M $ - spent 11 yrs designing sale .
 Objections to sale - No excuse for govt being in comodity busn .
  Trees like  warm wet & low ( SE ) costs  $500 % acre to replant .
 Problem : No way for govt to go bankrupt .
 JB got 2 pages in Greenpeace Environmental enemys  book .
 GMC Suburbans 5500 lbs - seem to go to Montana to die .
|20:48| another example : Paul : environmental issues break down to
 externialities .
 All break down to  sludge &  romance .  No accident he lives where does .
 Cost of living there falling extrordiarily rapidly - fed ex & internet .
  can be comforatble @ 20 below -  quad insulated windows .
 < .02 WY pop in agriculture .
 Def : externialities :  3rd pty consequences of  2 party transaction .
  e.g. gold mining sludge .
  AlbertGalatin Inst ( Jefferson cohort ) - teaching economics to writers -
   Book : Writers on th Range  , Island Press  ( now tending Libertarian )
    ' The Next West ' .
  Timber should not have been sold . Alternate proposal : separate ~ < .2 of
  200M acres useful commercial forest - auction over decade .
  Find patient mngt money to bid . Most which w never make profit - into non-
  profit trust . We have gotten back ~ .2 on fed $s spent on Forests .
  Environmentalists say problm is : not have had right beaurocrats in charge .
 Kenya Op Campfire Rhino control & care . | same for Montana Elk Velvet to
 Asia - shear off horns .  Radical`s Theme : should not own wild animals .
Jim : need DB of human rights violations in the name of environmentalism .
 ' Overgraizing of the Commons . '
 Livestock predation 27 sheep in week frm bears in N Yellowstone , but
 advocated return of wolve & mntn lion . were eliminated to maximize visitor
 days . Elk & Buffalo over bred - 6-9k carrying capacity , now 60K destroying
 ecosystem . Beaver gone . Already , less than 100 wolves have changed
 behavior of Elk . Skate boards w kill more that wolves & mntn lions .
 Big Cayote 27 lb . | Chris : Let hikers carry their guns ..  In MT , do .
 Rancher could not just buy Forest & leave standing . Bureaucrats disallowd .
 Have built 8 x road in ntntl forest - than total Interstate hiways .
|21:23|
 760 Fed Judges  . .08 went thru 1 wk course in free mkt econ |23:3|