I can't deal with this anymore. I'm leaving this thread. Because of me giving Kshartle a hard time, and asking him to send me his worthless currency?  If so, please just ignore and go forward.  I won't be disturbing the thread again! Believe me, it wasn't you. I'm just tired of all this pointless n...

And the fact that generation after generation of people embrace central economic planning despite its disastrous track record, well, that's just depressing. The central planners never stop trying to convince them they can get something for nothing. All they have to do is support the central planners.

Desert wrote:
Please send me your valueless money, immediately.  I've discovered a use for it. 

What's that? I already mention lighting a fire, you can also ummm roll....ciggarettes with it.

Reub wrote: While we're at it, isn't it easier to look for secret conspiracies surrounding 9/11 then to deal with the murderous ideology from whence it came?

It's certainly easier to use it as the excuse to bomb and invade rather than actually understand anything about it.

How did appeasing Hitler work out? I can't remember? (fondles left side of mustache). Did it cool him down, or did he do something naughty? Hmm? how did England and France declaring war on him work out? How did it work out for Poland? How did it work out for the population of the Jews in Europe? Ho...

Do you guys not understand that "consumer" has an economic definition that implies a means of payment? A robber is not a consumer in these kind of discussions. A person who walks into Wal-Mart with a credit card is. So of course the consumer benefits the producer. He purchases what the pr...

Of course a consumer will have to provide something of value.  In our economy, it is almost always money.  Our money doesn't have value, that's the thing that really screws up our economy and makes us poorer than we would otherwise be. That's what hurts our production. Our money is conjured out of ...

Awesome. So then, if you agree that production is done only when it coincides with forecasts of projected consumption appreciation/enjoyment/valuation whatever… …then would it be safe to say that you actually agree that production and consumption appreciation/enjoyment/valuation/whatever are in fac...

Awesome. So then, if you agree that production is done only when it coincides with forecasts of projected consumption appreciation/enjoyment/valuation whatever… …then would it be safe to say that you actually agree that production and consumption appreciation/enjoyment/valuation/whatever are in fac...

Pointedstick wrote: Okay fine.

My point is that nobody produces something that they don't forecast that the intended recipient of the good or service can make use of/consume/enjoy/looking at/demonstrate with their actions that they value/etc.

Do you agree with that?

yes

Did we end up deafeting Al Queda? If we did I missed it. Or are they now our allies again, I forget? What about the Axis of Evil? Did Iran get the bomb yet? When is N Korea going to get us? I remember Bush saying they were part of the Axis of evil along with Iraq. Since Iraq turned out be a scam, di...

Something must be produced before it can be consumed. But that thing will only be produced if the producer forecasts that it will be consumed. Desert island example: I can't use a fishing rod until I produce it. But I would only produce a fishing rod if I anticipated using it because there were cat...

Overall, our constraint is supply.  But our economy is built on the VAST majority of our production being consumed on a STEADY basis by others, and using money, not barter, to do so.  Further, once a person has made a supply decision (working for income), they now have reserves that they may or may...

Something must be produced before it can be consumed. But that thing will only be produced if the producer forecasts that it will be consumed. Desert island example: I can't use a fishing rod until I produce it. But I would only produce a fishing rod if I anticipated using it because there were cat...

Nobody says that "printing money" magically makes us wealthier.  In fact, it doesn't even in nominal terms (the private sector's balance sheets don't change in nominal asset value), which is why it doesn't generate inflation the way you falsely believe.  Balance sheet changes don't make u...

Further, if a whole economy deems a certain type of spending to be too risky, the inventory of that production drops in real value... potentially significantly.  This could have drastic effects on the profits of the producer.  Because the producer has arranged his affairs to a steady demand and at ...

, but the world is not better off because I trade my slips of paper for stuff, it's only better off if I produce something of value. Again, this is so simple that I guess only a very sophisticated person could fail to understand it. Thanks! I have the feeling if you explained this in ancient Greece...

In OUR economy, the VAST majority of producers require outside consumers, and steady ones at that. That is just a natural consequence of the REAL REQUIREMENT - production of something of value . If other people value it they will trade you the value they created for it. If I can produce everything ...

And I wasn't talking about fiat money.  Gold money will do fine.  I'm still at a loss if I part with it for a deteriorating material good.  If I part with gold coins to purchase a manicure, I'm in a more risky economic scenario after the manicure than before.  The producer of that manicure is in a ...

Being willing to part with currency in favor of a material good produced and for sale is absolutely vital to a functioning economy.  No it's not. If I spend my entire life building singing songs for $500 a day and I live in a carboard box and eat what other people throw out, the rest of the world i...

one person's expenditure is another person's income, so this idea that money spent is at the cost of savings is nonsense.  It's not about money spent, it's about production consumed. If I produce $100 worth of economic value (as evidenced by the money paid for my good/service), then I spend $60 on ...

Being willing to part with currency in favor of a material good produced and for sale is absolutely vital to a functioning economy.  No it's not. If I spend my entire life building singing songs for $500 a day and I live in a carboard box and eat what other people throw out, the rest of the world i...

1.  nobody has a fundamental RIGHT to release information to the public and then limit how that information is shared.  2.  limiting people's free activity that you did NOT contract with is not ok. Why and why? These are assertions that I agree with completely. I'm just curious why you say that. Th...

Libertarian666 wrote: Right on all counts. Excellent exposition!

Hey thanks. Maybe next time I can cut it in half and use simple examples to make it clearer. You're probably better at that. I just don't have the time to make it shorter 

the various types of stimulus programs, which stimulate consumption but not production. Doesn't it go both ways? People can only consume what has been produced, but greater consumption spurs greater production to meet the demand. Right? Aren't they symbiotic? It doesn't go both ways. Production cre...