The invisible hand is everywhere.
--This will be an ongoing weekly update.--
--This will be an ongoing weekly update.--
Economic thought of the week
- Thread starter ncrider
- Start date
Rules:clancy98 said:
The weekly economic thought will be something that you may have to do a little research to figure out.
Freebee:
As the concept of the "Invisible Hand" was first introduced by Adam Smith over 200 years ago. It is the concept that markets, prices and everything that goes along with it are guided by an "invisible hand." It truly is one of the simplest and most powerfull economic metaphors.
I was thinking more along the lines of "wet dream." I must think about this and get back to you.$tinkle said:
hey douchebag, I know who adam smith is and if you think I have never heard of the invisible hand, then hit yourself in the head with a tackhammer.
let me clarify:
[still searching for an ORIGINAL thought]
now put down the 8th grade social studies textbook and stop trying to teach us something.
let me clarify:
[still searching for an ORIGINAL thought]
now put down the 8th grade social studies textbook and stop trying to teach us something.
clancy98 said:
HAHAHAHAHAHAHAHAHAHAHAHA! Thats awesome, you got all frazeled over my weekly economic thought. Truly epic.
A peanut is neither a pea, nor is it a nut. Discuss.clancy98 said:
Economic thought: Was Cheney right when he said that deficits don't matter? Why? Why not?
He was wrong, because defecits affect many aspects of any economy, possibly most importantly it's perceptions abroad, as demonstrated by the rest of the world holding their reserves in currencies other than the US dollar. This phenomena to date has resulted in the weakening of the US dollar, and if left unchecked, could compromise America's global financial position in favour of Europe, Japan and China.reflux said:
The invisible hand put his hand in my pocket but that facker was scunted cos he stole my wallet that only had invisible money in it. Hahahahahahahha
1- nil to VB. How do you like my invisible foot up your invisible arse?
1- nil to VB. How do you like my invisible foot up your invisible arse?
You're right in the event of an extreme and long drawn out deficit, in which the borrowing country is appearing to lack the ability to pay back it's debits.Changleen said:
So does the current budget deficit mater? No. Why? Modest deficits in poor times help to pull an economy out of a recession. When an economy slips into a recession tax revenues fall and government spending rises. Increased gov. spending is likely to lead to a deficit, but it is also likely to light a spark under the ass of the economy and get things moving again.
There is nothing wrong with a modest budget deficit or surplus as long as they coincide with the respective business cycle.
Or if it is a large trading partner and undergoes a significiant revaluation of it's own currency, as China has taken a step towards today. Even their modest revaluation has had a small negative effect on the value of the Dollar.ncrider said:
Indeed. The current defecit has seen the US dollar at it's weakest since the 1980's though, but fortunately for you guys it's been a good time for the dollar to be weak for most people - help exporters considerably. I see the US economy seems to be picking up and the defecit is starting to shrink, so good for you guys.
clancy98 said:believe me thats not frazzled. Thats just how I talk to people that find a quote on the internet, and parrot it on a thread to try and sound philosophical.
As much as I hate to say it, you could take a lesson from changleen on posting in the PD forum
Hey clancy, let me help you out before you discredit yourself even further.
First off, the weekly economic thought isn't meant to be something that I came up with (hell if I could do that I'd get a Nobel prize in econ), it is suppose to spark interest and hopefully a good debate. Secondly, I hold a degree in economics, graduated with honors and a 3.9 GPA, I was also the president of the economics society, and I've been posting in the PD forum before you even came to RM. So that should establish my credibility with posting the "economic thought". As far as learning from Changleen I believe it is you that needs a lesson. Three posts in this thread and not one intelligible post has come from you. If you'd like to debate economics then by all means bring it on. If you want to just flame, then please, go away.
Looking forward to the future econ debates with ya clancy!
C
I could learn from Changleen? That wouldn't be pretty. On either side, I don't think.
K, well I have a degree too, hold on, here's my economic thought of the week:
"China is a big country, inhabited by many Chinese."
no how does that make you feel?
Please discuss for 10 pages....
worthless.
K, well I have a degree too, hold on, here's my economic thought of the week:
"China is a big country, inhabited by many Chinese."
no how does that make you feel?
Please discuss for 10 pages....
worthless.
interesting...clancy98 said:
clancy your a douche. conrad can you lick my balls?