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#31
08-23-2007, 04:33 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
Now if there were only some way to pump that money we give/return to oil companies into other fields of fuel research we could get there in ~10 years. Anyone? Anyone at all. [/ QUOTE ] Good, old fashioned tax & spend. 
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#32
08-23-2007, 04:42 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
They're fairly narrow, so it should be easy for a genius like you. Show us what you've got. [/ QUOTE ] You've got this completely backwards. You're the one saying that only a genius can get anything out of mises.org, then I say "I don't think so you need to be a genius, I find them informative". Then you come back with "Oh yeah, genius boy - prove it!" I don't have to prove that I'm a genius because you asserted that only geniuses can enjoy reading mises.org.
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#33
08-23-2007, 05:04 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
[ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] [ QUOTE ] Do you have any ideas on how to deal with this problem? [/ QUOTE ] There are no solutions... [/ QUOTE ] ? If you're looking for some solutions I would recommend www.mises.org . [/ QUOTE ] When your only tool is a hammer, everything looks like a nail. [/ QUOTE ] When all the problems are caused by government, all you need is less of it. I find your one liner doubly ironic, because the only tool government has in its toolbox is a hammer (a blunt instrument for delivering force). [/ QUOTE ] Blind faith in markets is no more a solution than blind faith in government. [/ QUOTE ] By using a perjorative term like "blind faith", you demonstrate how little you understand the market. Reading quotes like this is like reading creationists complain about "blind faith" in evolution. There is no blind faith; I just understand how it works. It creates staggering spontaneous order out of self-interested action and the logic of mutual acoomodation and by taking advantage of distributed decision making about destributed means and distributed ends using distributed information. Whereas central planning can only produce a colossal clusterfuck because the information required for planning cannot be centralized, or is in fact never even generated in the first place, decisions are political rather than economic, artificial legal intervention in the market cannot supercede economic law, and an innumerable host of reasons. It is you have have blind faith in government to cheerfully violate the laws of reality without consequence. [ QUOTE ] I agree that markets in general should be trusted more, but markets also occasionally fail. They are not infalable. As someone once commented, in long the long run, the markets is always correct, but in the long run, we're also all dead. [/ QUOTE ] Define market failure. Let me guess: the market doesn't provide enough of something that you personally subjectively think that it should, or provides too much of something that you personally subjectively think that it shouldn't. Fantastic definition of "failure" you statists have. [ QUOTE ] FWIW, my original comment was directed to the fact that my confidence in 95% of the participants in this forum to truly comprehend the papers at mises.org are about what your confidence would be in their ability to truly comprehend the papers at physicstoday.org. [/ QUOTE ] Why should we have any confidence in your confidence, given that you are clearly in the 95%?
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#34
08-23-2007, 05:27 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
Don't you see Boro,
Capitalism <font color="red">MUST BE CRUSHED</font>. (cue http://www.youtube.com/watch?v=CLe6fhBejNI ) And why? Because ultimately, statists have a grudge with the world and people can not be left to act peacefully and voluntarily on their own. Capitalism must be crushed because otherwise our parents and our teachers and our pastors and our 'friends' who crushed us when we were young would have been evil people. That! is something that cannot stand. (cue projection, etc.)
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#35
08-23-2007, 05:37 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
I really wish people were held accountable for their failed predictions.
For those pointing fingers at others for not understanding economics, surely you know that gas prices tripling in the next 5 years presents a fantastic arbitrage opportunity, since current market prices do not reflect this future price increase. Why don't you put you money where your mouth is? Or have I already lost you?
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#36
08-23-2007, 05:37 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
Define market failure. Let me guess: the market doesn't provide enough of something that you personally subjectively think that it should, or provides too much of something that you personally subjectively think that it shouldn't. Fantastic definition of "failure" you statists have. [/ QUOTE ] Don't you think it would help if people like you had at least a basic understanding of some mainstream neoclassical economic concepts? And Neoclassicism doesn't necessarily call for government intervention to correct market failure. It's well aware of the possibility of goverment failure.
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#37
08-23-2007, 05:58 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
[ QUOTE ] Define market failure. Let me guess: the market doesn't provide enough of something that you personally subjectively think that it should, or provides too much of something that you personally subjectively think that it shouldn't. Fantastic definition of "failure" you statists have. [/ QUOTE ] Don't you think it would help if people like you had at least a basic understanding of some mainstream neoclassical economic concepts? [/ QUOTE ] One could accuse Borodog of many things, but failure to understand neoclassical economics is not one of them. Understanding why they aren't necessarily good models doesn't count as not understanding them at all.
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#38
08-23-2007, 06:03 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
One could accuse Borodog of many things, but failure to understand neoclassical economics is not one of them. Understanding why they aren't necessarily good models doesn't count as not understanding them at all. [/ QUOTE ] Then why would he ask for the definition of market failure and linking it to personal subjective thinking which has nothing to do with the mainstream concept of market failure? Edit: I don't think he wouldn't understand it. But I do think a lot of the AC-Posters aren't aware of most basic mainstream economic concepts. And it's not like you couldn't believe in neoclassical economic theory and still reject goverment intervention into the markets.
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#39
08-23-2007, 06:05 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
And Neoclassicism doesn't necessarily call for government intervention to correct market failure. [/ QUOTE ] So what's your point then? (if that is actually true)
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#40
08-23-2007, 06:10 PM
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Re: When gas hits $10 / gallon, we\'re totally [censored]
[ QUOTE ]
[ QUOTE ] One could accuse Borodog of many things, but failure to understand neoclassical economics is not one of them. Understanding why they aren't necessarily good models doesn't count as not understanding them at all. [/ QUOTE ] Then why would he ask for the definition of market failure and linking it to personal subjective thinking which has nothing to do with the mainstream concept of market failure? [/ QUOTE ] Because the "mainstream" concepts are fully understood and rejected by Austrian economics.
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