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Thread: the price system is bad for economic productivity and jobs

  1. #61

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    Quote Originally Posted by osan View Post
    Monopolies are bad things.
    Some monopolies gain their status as such by outperforming their competitors in such a manner that all of the consumers voluntarily select their company's product, and the other firms elect to exit the industry. In contrast to state decreed monopolies where political cronyism might substitute for business performance. Ron Paul seemed to concur, and I believe mentioned Microsoft as an example. Presumably by consumers and businesses using their products at their monopolistic price point resulted in greatly enhanced productivity and enhanced social welfare. Your thoughts?
    Last edited by anaconda; 07-06-2014 at 10:37 PM.



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  3. #62

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    Quote Originally Posted by Boshembechle View Post
    The key word here is "business". There are no costs when the state owns the means of production.
    I used to think for a second that you were sincere in your posts and you are a true believer but you say something like this and now I know you are making a mockery out of the people who genuinely take you seriously and try to explain economic policy to you.

    Also -rep cos I am beginning to think that you're trying to go the record and I want to help you in that endevour.
    You can maintain power over people, as long as you give them something. Rob a man of everything, and that man will no longer be in your power. Aleksandr Solzhenitsyn

    Quote Originally Posted by LibertyEagle View Post
    Trust principles; not people.
    My Che avatar is my unique way of giving a big middle finger to the, the neocons, the globalists, imperialists and most importantly to the left and right political establishment who hate his guts till this day. My admiration for him ends where his anti imperialist pro communism ideology starts.

  4. #63

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    Quote Originally Posted by Boshembechle View Post
    The key word here is "business". There are no costs when the state owns the means of production.
    Attachment 2739Attachment 2740

  5. #64

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    Hence my next sentence: "Price influences demand insofar that price (heavily) influences consumer behavior, but it is a combination of end demand and producer ANTICIPATED end demand that determines how much is produced NOW."

    Strong influence is not determination.

    Quote Originally Posted by anaconda View Post
    Actually, it is one of the crucial determinants. The higher the market price, the more producers will produce. It's what is known as the supply function (or "curve"). It is one half of the determination of supply-demand equilibrium. The supply function is upward sloping. The demand function is downward sloping. Their intersection is the equilibrium price and output quantity.
    "Like an army falling, one by one by one" - Linkin Park

  6. #65

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    Quote Originally Posted by Petar View Post
    And yes, a slave always could produce more...
    Who cares about producing more? Producing very much of little value, which would be inevitable without a price system, does little good.

  7. #66

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    A couple of observations:

    It is true we do not live in a perfect free market system. No such critter hasever existed. Every “free market” country has some form of hybrid marketsystem.

    That said; we are still a sufficiently free market system for economics ofsupply and demand to apply.

    Over the long term the forces of supply and demand will seek equilibrium. Whenthings get out of whack like they did in 2008 things can get messy.


  8. #67

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    Quote Originally Posted by really View Post
    Over the long term the forces of supply and demand will seek equilibrium. Whenthings get out of whack like they did in 2008 things can get messy.[/FONT][/COLOR]
    When things get out of whack like they did in 2008 it's the result of shenanigans like the ones pulled by the bankers, the deficit spenders, the warhawks, Freddie Mac and Fannie Mae. And it will generally be done on purpose so the money of the poor will be stolen and given to the rich under the cover of a TARP.
    Quote Originally Posted by Douglas Adams
    'An SEP is something we can't see, or don't see, or our brain doesn't let us see, because we think that it's somebody else's problem. That’s what SEP means. Somebody Else’s Problem. The brain just edits it out, it's like a blind spot.'
    This government is Not Somebody Else's Problem

  9. #68

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    Quote Originally Posted by libertyjam View Post
    Hmmm...
    Quote Originally Posted by juleswin View Post
    You do know that you [dannno] are a moron right?
    Quote Originally Posted by juleswin View Post
    I love Che because...
    Quote Originally Posted by juleswin View Post
    ...he did that which I was too cowardly afraid to do
    Quote Originally Posted by juleswin View Post
    Just for the record, 99% of the time I say "In my country........" I am actually messing with you people because I know you guys have absolutely no idea what happens in my country.

    Quiz: Test Your "Income" Tax IQ!


    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of apportionment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  10. #69

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    Quote Originally Posted by Boshembechle View Post
    An economy COULD produce more if it wanted to, but it won't because of the free market's mechanism of finding the correct price.



    The above illustration shows that a quantity of 50 COULD be produced (which means more productivity and more jobs), but it won't because of the price.
    Have you ever thought that increasing economic productivity would be bad for the overall economy?

    Suppose if the US government regulated the price of all automobiles to be half the current price. That would certainly increase the sale of new cars but have other effects. Value of used cars would plummet. Auto manufactures would need government assistance to make a profit or closed down. Increased demand for new cars would create increased need for labor, and material that would cause the price of other goods to increase completing for the same resource and labor.

    When you increase supply over demand there is a loss of profit and inefficient use of labor and resources.

  11. #70

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    Based on the title, I was expecting something about sticky prices and idle resources.

    Quote Originally Posted by Boshembechle View Post
    An economy COULD produce more if it wanted to, but it won't because of the free market's mechanism of finding the correct price.



    The above illustration shows that a quantity of 50 COULD be produced (which means more productivity and more jobs), but it won't because of the price.
    Took me about 3 cycles through the gif to realize, no, dude's point is that S slopes upward...



    But for those prices, it could just keep going!
    "The program of liberalism, ...if condensed into a single word, would have to read: property..."

    -Ludwig von Mises

    "Patriotism, not nationalism, should inspire the citizen. The ethnic nationalist who wants a linguistically and culturally uniform nation is akin to the racist who is intolerant toward those who look (and behave) differently. The patriot is a "diversitarian"; he is pleased, indeed proud of the variety within the borders of his country; he looks for loyalty from all citizens. And he looks up and down, not left and right."

    -Erik Maria Ritter von Kuehnelt-Leddihn

    "All the odds are on the man who is, intrinsically, the most devious and mediocre — the man who can most adeptly disperse the notion that his mind is a virtual vacuum. The Presidency tends, year by year, to go to such men. As democracy is perfected, the office represents, more and more closely, the inner soul of the people. We move toward a lofty ideal. On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron."

    -H. L. Mencken

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