X-Message-Number: 24180
From: "Mark Plus" <>
Subject: Why should we care what "markets" say?
Date: Wed, 02 Jun 2004 07:43:40 -0700

If we really respected what "markets" said about cryonics -- overwhelmingly 
that it won't work or that it isn't desirable even if it could, as we can 
tell from the low levels of public interest in it -- then why are we here?

Clearly we have more confidence in our own judgment than in the collective 
judgments of the people who have assigned themselves to the "control group," 
as Ralph Merkle calls them.

BTW, I'm amused by the economic analysts who defend the "rationality" of 
market outcomes, yet who are performing mental contortions as they argue 
that the growing "fear premium" added to the price of oil is, in fact, 
"psychological" (i.e., irrational), even as oil extraction is declining in 
OPEC countries. Indonesia may have to drop out of OPEC because it has become 
a net importer of oil, which defeats the purpose of belonging to the cartel; 
and the New York Times reported in April that Oman's oilfields, which lie 
just south of Saudi Arabia's on the Arabian peninsula, are definitely in 
decline. OPEC is talking about raising the supply, but the fact is, its 
members are near their limits now and have little or no "surge capacity," 
apart from politically volatile Saudi Arabia.

Regards,

Mark Plus

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