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From: junto-list Tue,980507,01:19
Subject: May Junto meeting notice
To: junto-list
May 4, 1998
TO ALL JUNTO MEMBERS:
The next Junto meeting will be on Thursday, May 7th, at 7:00 p.m. at the
offices of Eastbridge Capital located on 135 East 57th Street, 14th Floor.
Peter Huber holding
`20s phone
& outlawed Hushaphone accessory
Peter Huber speaking on themes developed in his latest book,
"Law and Disorder in Cyberspace", a case for abolishing the FCC.
He is a senior fellow of the Manhattan Institute and the author of
Litigation, Galileo's Revenge and Orwell's Revenge.
Some of his writings can be found at www.forbes.com/forbes/by/PHuberxx.htm.
A home page can be found at 205.177.10.11/huber/
Next month: June 4, 1998 Thomas Fleming Liberty !
I look forward to seeing you on May 7th.
Sincerely, / Victor Niederhoffer / Chairman
============================: THU.MAY,980507 :============================
JimPowell : Booker Washington : In WV hearing whitemen talk of quality
Hampton Black School , 82 mi from Richmond . White captan gave small wage on
boat . had $.5 left when reached Hampton . Job Sweeping recitation rm .
' Yankee woman who knew just how to find dirt ' : ' guess you`l do ' .
$10 % mo charge for School . $70 % yr tuition . could not have paid . 2nd
hand clothing in barrels frm the north . drive to go bak home & uplift those
back there .
|19:30| JimPowell : Working on guide to Liberty related Historic sites : eg :
NYC : Bkln Prospect Pk
Great Hall Cooper union
Elis Island , Jewish Museum 1105 5th av .
Library : Jefferson`s copy of the constitution .
Van Mies ex schools . MarkTwain`s manhattan house .
... [ really too many to mention ]
Tracked down location of Twain CT home : 30 Mark Twain rd / ? .
AynRand Cemetary
|19:42| VN : DougCasey : Irra(?) Society members hav 18 passports &
BenFranklyn Junto - Albert J Knoc (?) . Rock in Central Park .
Zenger Libel Trial site : Bill of Rights Museum in Mt Vernon .
VN : $.5M loss site : Jay Gainer Mayor of NYC assinated . Insisted Citizen
had same rights as policeman . Total Campeign expense : $.03 postage for
leter to Bkln Eagle .
Gainer sued for libel for Policemen arrest for over runing 3 min limit on
talk . Did citizen ar
203-226-2225 JimPowell99@hotmail.com .
|19:55| ChrisGarvey
Libertarian candidate for NY Governor . -
place to send Money . NRA supplying Treasurer dealing w campaign
govt forms . Petition during 6 wks after July 6 . 15k signatures . website
Issues : NYS Budget : Lilco . | NY by the numbers -
Legalizing Intra state transportation of Marajuana .
Labeling enforced by Law suits . Prescription drug MD requirement .
| PillBox on empty piece of land . Simple cinderblock
RobertGoodman running for Comptroler : supression of Adult Entertainment .
NYT Apr 22 : Foto : ' Onlooker ' was him . Foened times for correction
' running for NYC Comptroler ' - which was last yr .
JohnStossel Dinner @ FoundationforEconomicEducation 0517 .
Steve? : Taxes : turn around expert : Econ advisor to Gov Pataki :
Have cut taxes $6B % yr since Mario . VN ???s meaning .
More tax cuts coming - Corp Income taxes going down to .075 frm .09
Was chief econ @ EastmanKodak . AlternativeMinTax .035 to offset .
reducing to ~ .015 | I : Just get rid of damn thing [ which is a tax on
time of lots of us to whom it does not apply .
City doing outragous taking advantage of Fed Cap Gains reduction .
w generate more transactions . NYS did not lower Cap Gains rate .
& Increasing RE value . State not recognize S-corps .
Tax witholding . used to be .25 of State , now ~ .6 |
|20:17| PeterHuber : Legal Scholar :
Book : Galileo`s Revenge : Junk Science in Court rm |
`20s : HerbertHoover : engineer : mkts not tidy . Broadcasting stns not
regulated . registerd w Dept Commerce in same way a ship would . Court was
using common law to create property out of nothing . Wanted radio as tidy as
telefoens . 1913 Theo Vale force ATT to connect to other . Post Office got
whole system for time during WW1 . `27 HH took over whole spectrum . mkt
forces would be banished . - Logic - Too scarce for mkt . Admral wanted only
govt . Orwell seeing Stalin & Hitler efficiency . Goebbel BundesPost .
FRadioC : Could not offend FRC when 2 yr license . Hushaphone sound muffer
foen addon . competion was illegal . slip covers for phones even fought .
MarcusHess - hacker anarchist . thru international foen lines into computers
. FCC in 70s finally switched to requiring interconnect . had been in living
under state control for %2 century .
Now CraigMcCaw , MichaelArmstrong , mainly paid for licenses .
Becoming private property . Back to 1926 . WDC so arcane .
Cell Carriers 25 MHz BW each of 2 in NYC . Will be computing local
interconnect competion . Common Carriage rules in 16th century - ferries &
birdges - King`s license s. BillGates et al hammering out rules for software
CC now . [ ! brilliant ] .
Hoover did not have to abolish - has argued to congress .
If UHF stn went into celler . MegaMediaMergers - Left sees falling back into
monopolies . Mkt much more deconcentrated .
Key inovation in spectrum - in 6 MHZ BW 200MW tower . centralized -
totalitarian . Trespassing solved in court whether FCC or private .
little cells . generates much more income . Us talking to each
Broadcast worth | .5 or 1 $ % viewer % hr .
as cell foen conversations - lots of people paying .20 .4 % min . lots
Dont nationalize most valuable realestate w/o having economist on board
to justify .
Almost every other country did worse than US .
Hoover `27 - claimed spectrum scarce . Wireless info increased x 10 * 7 10 |
Aud : expanding pie |
Private Property mid-way between Hoover & MarcusHess anarchy .
RealEstate rights . Can`t time broker license .
Encoded Horse race data disallowd by FCC . FCC mints the property .
Nothing like Selling Grand Canyon .
Most of sold space laying fallow . But at least in pravate hands .
Has debated G.Gilder : should be like ocean [ See Microcosm ] - just don`t
colide w each other Dept Stores create public spaces . Would Trust GG over
HH , but prefers mkt . TDMA vs CDMA fighting it out .
Frankferter Sighted Laws of Physics in `44s to justify FCC against Chain
Broadcasting . NBC doing well .
License presses - . Forgot whole damn 1st ammendment . `96 Telecom SC ruled
wires not scarce .
Interference problems - trespassing everywhere in spectrum .
What AynRand answer to RealEstate trespassing ?
Can`t believe he more in favor of property than this audiance .
How to stop someone from stealing your car ? Ask HH ?
Fox Ch 5 , eg , has well defined bubble over Manhattan .
AT&T paid 17B$ for right which will technicaly evaporate in a few yrs .
Hayekian Collapse : Westinghouse TV : interference because noone knows what
they own - like praries in 1870s . New forms of trespassing evolving all the
time . Lawyers get filthy rich . Established went to HH to ossify status quo
. | AntiTrust ? Right of free contact . Has AntiTrust chapter in book .
Writes col every other month for Forbes .
Worst monopoly was HerbertHover . Abolish the FCC .
RCN in Manhattan . `96 Telecom law just starting . Sherman Act 2 paragraph
- courts place to resolve disputes . Joal Klien vs
Commission - Republican / Dem political disputes .
Used to be ICC InterstateCommerceCommission .
Ham radio ? lot of Hi frequencies . Like Central Park . Yes Political .
Communications Decency Act ? inevitable would be kicked out . Completely
helpless in any case .
Broadcasting last vestage of censorship .
Premise 2 types of property - produced vs acuqired .
Me : Dif between arguing between Court & Commission ? After commission still
end up in court . same as Lease vs Property .
[ still just arguing in front of ' jury ' . ]
|21:32| VN : Dif between spectrum or any other scarce resource in principal ?
Property rights complex | Bad peace better than any war |21:36|
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