Re: A Tired response

[ROSSERJB@xxxxxxxxxxxxxxxx id <01HPUC0E4SR48ZG6KM@xxxxxxxxxxxxxxxx>; Thu, 27 Apr 1995 17:58:54 -0500 (EST)]

     1)  The "ancillary conditions" in the gravity
model I presented expanded its applicability, hence
its generality.  The vacuum model is very restricted.
The "ancillary conditions" allow for a (more complex)
equation which can work both in the vacuum and in a
non-vacuum.  Hence it is more general.  Again, one
restrictive axiom can make a theory less general than
a bunch of less restrictive ones.
     2)  You have it in your mind that anyone who
thinks that money can be anything other than a "means
of legal contractual settlement" believes in neutral
money.  Wrong, wrong, wrong.  In fact I would argue
that even medium of exchange money can be non-neutral,
although it is easier to argue that for other functions
of money.
     3)  I still await a response as to how radical
non-ergodicity avoids policy nihilism without
contradiction.  This is serious, not "mainstream
namecalling."
     4)  Have a nice cup of coffee, oh tired one!
Barkley Rosser
James Madison University