Michael Algernon wrote:
> Vitaliy, I think you are a genius.

Michael, I don't know whether you're joking or not, but I know I'm far from 
what one would call a "genius". I was shocked when I first realized that 
there are people who are smarter than me, but eventually I worked my way 
through the grief cycle, and have long since accepted this sad fact.

If you had to label me in some way, "stubborn" would be a good choice.


> I understand your correspondence with Gerhard in the following way.....
> Gerhard believes that he can identify an optimal production--> seller
> --> buyer sequence that will work for EVERYONE
> Vitaliy supports a system that mysteriously takes many, many, many
> peoples preferences into account.
> Guess which one I prefer......

I think the trouble with economics (psychology also comes to mind) is that 
most people feel it is something they understand intuitively, and are 
therefore qualified to make sweeping statements about it. Exact sciences are 
different in this regard, it's easy to prove something one way or another.

There are many people like Gerhard who take the current economic situation 
as an opportunity to gloat -- "where's your magic Invisible Hand now?"

They have a point, of course. What they don't seem to realize, however, is 
that the alternative is much worse.

Vitaliy 

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