Editoral Policy |
Webeditorial
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Iran's Historic Anniversary
Stephen Lendman,
Feb 12, 4:09 am
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NATO's Secret War on Syria
Stephen Lendman,
Feb 11, 4:31 am
(1 )
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America's Sham Economic Recovery
Stephen Lendman,
Feb 11, 3:55 am
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Murdering Khadar Adnan
Stephen Lendman,
Feb 10, 3:34 am
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Act Up Against ACTA
Stephen Lendman,
Feb 9, 4:10 am
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Gaza: Isolated Under Siege
Stephen Lendman,
Feb 9, 3:46 am
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PERSONAL INTEGRITY BY L. RON HUBBARD
consuelo palacios,
Feb 8, 8:50 pm
(1 )
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HUMAN RIGHTS INTERNATIONAL LAW.
Consuelo Palacios,
Feb 8, 2:59 pm
(1 )
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On the price fixing.
Submitted by Tim G. (not verified) on Wed, 04/01/2009 - 2:55pmYes, the "community section" appears to be more-or-less a public forum, and what is said there ought not be taken to represent the organization. I think the blogs and the articles come from more regular contributors.
A quick google search revealed that the author egregiously misquoted Krugman. I attempted to correct this error with a follow-up post.
Even so, I think it was very coherent for the author of the community article to examine the effects of fixing the price of one hour of baby-sitting to one scrip. I don't know if all of his conclusions necessarily follow, but the price-fixing is one way in which the baby-sitting economy is distinct from our American-style market economy. This difference could undermine the utility of the analogy.
How would the baby-sitting co-op economy change if the co-op members were permitted to freely bargain and contract with the scrip? How would the general babysitting economy change if Congress passed a law fixing the price of babysitting services at $10 or so dollars per hour across the board?