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jfc lol (nm)
Posted on: November 15, 2017 at 14:00:09 CT
90Tiger
STL
Posts:
162408
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MESSAGE THREAD
Clearing up some common misconceptions
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pickle
MU
-
11/15 11:24:38
Who cares? (nm)
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MUGuy2004
STL
-
11/15 13:00:21
Brilliant analysis. Oh, been to Venezuela lately.
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GA Tiger
MU
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11/15 12:32:50
Venezuela is an example of a government that rebuked
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ummmm
MU
-
11/15 12:41:14
WADR: #3 is not correct
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ScottsdaleTiger
MU
-
11/15 12:03:40
Monopolies are either direct govt. creations or indirect
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ummmm
MU
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11/15 12:11:27
That ignores scarcity of resources (nm)
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DC Jayhawk
KU
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11/15 12:28:11
Then we are really getting into the weeds and we could
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ummmm
MU
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11/15 12:31:43
I'd have to think about that.
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DC Jayhawk
KU
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11/15 12:37:45
That does not constitute a monopoly (nm)
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pickle
MU
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11/15 12:53:03
How would you define a monopoly?
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DC Jayhawk
KU
-
11/15 12:59:59
But that doesn't mean that aluminum doesn't have any
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ummmm
MU
-
11/15 12:40:04
All three points are correct
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pickle
MU
-
11/15 12:08:27
"dominant market share is not a monopoly" -
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90Tiger
MU
-
11/15 12:06:20
Production for the sake of production is wasteful
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MrBlueSky
MU
-
11/15 11:29:33
That's a different issue.
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ummmm
MU
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11/15 12:12:26
He doesn't understand that demand drives production
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Spanky
KU
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11/15 12:01:49
Demand is constituted by supply.
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ummmm
MU
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11/15 12:13:07
no spanky, VHS isn't produced because someone advanced
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90Tiger
MU
-
11/15 12:03:24
But what if someone kept producing VHS tapes?
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Spanky
KU
-
11/15 12:06:43
The concept that production precedes consumption
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ummmm
MU
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11/15 12:18:18
Nah.. It's just a von Mises concept
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Spanky
KU
-
11/15 13:43:01
No, it's a classical concept of economics
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ummmm
MU
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11/15 13:45:22
And then also consider this:
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ummmm
MU
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11/15 13:46:17
no, production of something people want will. there
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90Tiger
MU
-
11/15 12:09:32
So THAT'S what cucumber meant to say
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Spanky
KU
-
11/15 12:16:26
Demand is constituted by supply.
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ummmm
MU
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11/15 12:20:32
Demand is satisfied by supply
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Spanky
KU
-
11/15 12:24:15
Reread the definition of demand as I have graciously
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ummmm
MU
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11/15 12:29:40
Can there be 'unsatisfied' demand?
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Spanky
KU
-
11/15 12:47:37
No, there is no such thing as "unsatisfied demand"
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ummmm
MU
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11/15 12:53:39
Then you are clearly not a businessman or logistician
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Spanky
KU
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11/15 13:22:43
jfc lol (nm)
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90Tiger
MU
-
11/15 14:00:09
This is apparently over your head
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ummmm
MU
-
11/15 13:24:34
no, Spanky, he was correct. I'm explaining it in terms
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90Tiger
MU
-
11/15 12:18:12
consumption is the true economic driver.
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Spanky
KU
-
11/15 12:32:49
On a micro level, sure.
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ummmm
MU
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11/15 12:40:40
No, that's incorrect (nm)
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pickle
MU
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11/15 12:17:13
Holy **** (nm)
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pickle
MU
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11/15 12:09:20
it is impressive how passionate he is about remaining
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90Tiger
MU
-
11/15 12:10:16
This is one of many situations with Spanky
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ummmm
MU
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11/15 12:23:53
yup (nm)
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90Tiger
MU
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11/15 12:47:07
just one word to demonstrate how wrong you are
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90Tiger
MU
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11/15 11:31:56
RE: Clearing up some common misconceptions
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JG
A
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11/15 11:28:30
lol
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90Tiger
MU
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11/15 12:13:15
We can argue and bicker about why
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JG
A
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11/15 13:05:54