71d
@sonhouse saidWTF are you on about?
@DJJ
It was democrats idea to ban books in Florida, like the fukking DICTIONARY because it has the word SEX in it? That is not education, that is programming. Those people should be put on a reservation all to themselves and keep the children here so they won't get contaminated with their hate.
71d
@athousandyoung saidThis would be quite accurate if the $dollars in circulation remain a fixed number.
Increased population = increased demand = increased prices = inflation.
But of course, the fed will print money to avoid this.
wages have to equal dollars in circulation. if the population increases enough, the banks run out of cash, eh?
@earl-of-trumps saidu seriously discussing this with thousand?
This would be quite accurate if the $dollars in circulation remain a fixed number.
But of course, the fed will print money to avoid this.
wages have to equal dollars in circulation. if the population increases enough, the banks run out of cash, eh?
70d
@AverageJoe1
Yeah, since we KNOW Trump is SO twenty century, outdated, no political power whatsoever so we can all just ignore whatever he says.
67d
@wajoma saidI’m sure you can articulate why gravity makes apples fall up but they still fall down in reality.
I, can articulate why inflation/deflation is not dependent on population can you articulate why they are.
If your arguments come to conclusions that are inconsistent with observed reality you need to reexamine your argument no matter how brilliant you think it sounds.
And this is the case.
67d
@athousandyoung saidOr if one were to cite large populations with low inflation, and small populations with large inflation, showing that population size is not causal of inflation, in fact observing that exactly the opposite of your dream feelings occurs, as in, observed reality, I don't think that would be enough for you because you dug in so deep now you got to stubborn it out.
I’m sure you can articulate why gravity makes apples fall up but they still fall down in reality.
If your arguments come to conclusions that are inconsistent with observed reality you need to reexamine your argument no matter how brilliant you think it sounds.
And this is the case.
66d
@wajoma saidIf one were to do that one would show poor reading comprehension because I referred to changes in population size not absolute population size.
Or if one were to cite large populations with low inflation, and small populations with large inflation, showing that population size is not causal of inflation, in fact observing that exactly the opposite of your dream feelings occurs, as in, observed reality, I don't think that would be enough for you because you dug in so deep now you got to stubborn it out.
66d
@athousandyoung saidBefore you twist and writhe some more, just to be clear, if we were to look at somewhere like zimbabwe, their population growth versus inflation, and if we were to look at another country with a greater population growth it is your contention we'd see greater inflation?
If one were to do that one would show poor reading comprehension because I referred to changes in population size not absolute population size.
66d
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@wajoma saidNo, I never said population change was the ONLY factor. You're the one trying to tie inflation to one and only one factor.
Before you twist and writhe some more, just to be clear, if we were to look at somewhere like zimbabwe, their population growth versus inflation, and if we were to look at another country with a greater population growth it is your contention we'd see greater inflation?
Wajoma:
Inflation is set by money supply, end of story.
@athousandyoung saidYes, money supply versus assets in an economy, regardless of outright population regardless of rate of change of the population, regardless of the rate of change of the rate of change of the population, it is entirely the devaluation of your dollar.
No, I never said population change was the ONLY factor. You're the one trying to tie inflation to one and only one factor.
Wajoma:
Inflation is set by money supply, end of story.
You're in the land of correlation not causation. And even then there are countries that are showing something entirely the opposite from your dream feelings, bucking the trend, making your, we could call it 'observation of reality' inconclusive of anything.
Greater population = inflation. Debunked
To go back to our simplistic (because that's all you're capable of) economy that has 10 coconuts (being the entire resources of that economy) and a currency consisting of $10, your dollar is worth one coconut regardless of the population, regardless of the rate of change of that population and regardless of demand.
Because there is greater demand it does not mean your dollar is worth more or less, that only happens when the goobermint or the banks majically allow another dollar to enter the economy (or as we've agreed before a coconut get's lost or destroyed)
Increased demand does not equal increased prices unless there are more dollars to measure the assets than there were before. If an economy amasses more assets but the amount of currency in the economy is fixed deflation will occur, your dollar will be worth more, it will buy more. Regardless of demand. Again demonstrating that inflation, like deflation is a matter of money supply versus the assets of the economy.
Deflation is rare because goobermint is on too much of a good thing allowing currency to enter the market at a greater rate than value is produced because they're the ones that get to spend the money at yesterdays price/value.
Greater demand equals higher prices only if there are more dollars in the economy to spend.
66d
@earl-of-trumps saidYeah because your level of wealth distribution is off kilter and billionaires are hoovering up all the cash $s and investing it abroad to make even more cash at the expense of the average person and your industrial / manufacturing base.
This would be quite accurate if the $dollars in circulation remain a fixed number.
But of course, the fed will print money to avoid this.
wages have to equal dollars in circulation. if the population increases enough, the banks run out of cash, eh?
65d
@Wajoma
Except here in the US greater demand usually means greater PRODUCTION and lower cost per unit, that is how it always goes. If someone makes a car from scratch and it cost the dude a couple hundred thou, if he had the bread to start a factory making that car, it would soon be down under a hundred thou or fifty thou, that is the result of efficient manufacturing and pure numbers. He spent that 200 thou for parts and labor for that one car but when you start making hundreds of thousands of them the price WILL drop since the same welder who did the car now does the same thing every day 8 hours a day to hundreds of cars not a job that had to be studied and such for a one off production of a car which would have taken maybe a weeks work to figure out the best way to weld stuff, when they figure all that out, the next thousand cars will be much less expensive because the now know the immediate things to weld or whatever.
65d
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@sonhouse saidThis is 101 stuff, what are you 'on about'. What is your point? And while you are at it and not in 'lib mode', tell us about how Wildgrass et al would step in and demand some of this production be nationalized....punish the someone who builds this successful factory and provides cars to people, at maybe a 9% profit?
@Wajoma
Except here in the US greater demand usually means greater PRODUCTION and lower cost per unit, that is how it always goes. If someone makes a car from scratch and it cost the dude a couple hundred thou, if he had the bread to start a factory making that car, it would soon be down under a hundred thou or fifty thou, that is the result of efficient manufacturing and p ...[text shortened]... sand cars will be much less expensive because the now know the immediate things to weld or whatever.
PS: Beware, Wildgrass, this might be considered a trick question. If you answer, which you will not, you are damned if you say to Nationalize , or , if you say to give the man his freedom, and not Nationalize. Sorry to put you on the spot.
65d
@sonhouse saidSunstroker, I agree.
@Wajoma
Except here in the US greater demand usually means greater PRODUCTION and lower cost per unit, that is how it always goes. If someone makes a car from scratch and it cost the dude a couple hundred thou, if he had the bread to start a factory making that car, it would soon be down under a hundred thou or fifty thou, that is the result of efficient manufacturing and p ...[text shortened]... sand cars will be much less expensive because the now know the immediate things to weld or whatever.
This is a another blow to ATY's simplistic: greater ('greater' in this case means an increase from previous) population = greater demand = higher prices = inflation.