02-06-2005 23:12									#31
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quote: Originally posted by Imran Siddiqui And DanS has now dealt with the phenomenon of Kidicious. I warn you, if you continue, you will have to bang your head against the wall many, many, many more times

Banging comes from blind religious like faith in markets.

	02-06-2005 23:21									#32
	Got spare money?

Or rather blind religious faith in whatever Communist ideology you happen to follow.

	02-06-2005 23:23									#33
	Got spare money?

It has nothing to do with ideologies. He just doesn't understand.

	02-06-2005 23:24									#34
	Help yourself to an AD-FREE life

Maybe it's going to be an incentive for my company to agree to let me work from home, instead of having to drive 45-50 minutes to get here every morning.

	02-06-2005 23:27									#35
	Enter the AD-FREE zone

quote: Originally posted by DanS

	03-06-2005 00:18									#36
	Suffering from ads?

Hey Dan, get Kid to tell you the one about how Adam Smith wrote that Labor is the one and only contributing factor to value....if you think his understanding of economics is wonky now, just WAIT till you hear the rest!

-=Vel=-

	03-06-2005 00:22									#37
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Y'all killed the thread before I got to it.

	03-06-2005 00:50									#38
	Remove this text

we should all switch to natural gas.

	03-06-2005 00:55									#39
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Bad bad idea. it'll run out pretty soon anyhow.

	03-06-2005 02:18									#40
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quote: Originally posted by DanS It has nothing to do with ideologies. He just doesn't understand.

Let's see, the economy is always at equilibrium even when it's not. Blah blah blah. That about covers it eh?

	03-06-2005 02:23									#41
	Tired of ads?

My posts had nothing to do with the markets or an equillibrium.

In lieu of insults, I'll just stop replying to you.

	03-06-2005 02:24									#42
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natural gas is just another way to refine oil i thought

	03-06-2005 02:27									#43
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quote: Originally posted by DanS My posts had nothing to do with the markets or an equillibrium. In lieu of insults, I'll just stop replying to you.

They really had nothing to do with anything. You just assumed that there wouldn't be the normal problems that there would be just as if the economy were at equilibrium.

I didn't mean to insult actually. Just commenting on the way that it appeared to me that you were thinking (or not thinking).

	03-06-2005 02:30									#44
	Re: Peak Oil is today. What do we do? Avatar Enlargement: We've got the solution

quote: Originally posted by Kidicious This thread isn't for debating whether or not Peak Oil will occur, but what to do after it occurs. Assume that Oil production starts to decrease and the market does not react to the increasing prices. What do we do?

Flap our arms real fast and fly around that way.

	03-06-2005 02:32									#45
	Re: Re: Peak Oil is today. What do we do? Lose 30 kilos (of popups)

quote: Originally posted by MichaeltheGreat Flap our arms real fast and fly around that way.

That only works for vultures, what about the rest of us.

	03-06-2005 02:32									#46
	Re: Peak Oil is today. What do we do? Full PM-box? Change here!

quote: Originally posted by Kidicious This thread isn't for debating whether or not Peak Oil will occur, but what to do after it occurs. Assume that Oil production starts to decrease and the market does not react to the increasing prices. What do we do?

since we're part of the market, and you assumed the market does not react, we do nothing, of course. You've assumed away any possible reaction.

Other than I suppose a non-market one, like a state action. So we have the state make (by fiat) all the demand and supply side substitutions the market would have done. If you hadnt assumed no market reaction.

	03-06-2005 02:34									#47
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i dont see how if supply changes, the market does nothing. thats kinda strange to me. but dont tell me that, ive only got an A in advanced microeconomics.

	03-06-2005 02:35									#48
	Re: Re: Peak Oil is today. What do we do? Put an end to popups!

quote: Originally posted by lord of the mark Other than I suppose a non-market one, like a state action. So we have the state make (by fiat) all the demand and supply side substitutions the market would have done. If you hadnt assumed no market reaction.

Right, but what should the state/s do? How would you use the oil that you had to solve the problem?

	03-06-2005 02:36									#49
	Re: Re: Re: Peak Oil is today. What do we do? Support Apolyton, buy Civilization III: Complete

quote: Originally posted by Kidicious That only works for vultures, what about the rest of us.

It's just as realistic as your scenario.

	03-06-2005 02:36									#50
	Inflate your Upload Space

quote: Originally posted by Lawrence of Arabia i dont see how if supply changes, the market does nothing. thats kinda strange to me. but dont tell me that, ive only got an A in advanced microeconomics.

micro?

	03-06-2005 02:39									#51
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ya, thats what we are looking at here, how does the consumer change his consumption when the price of one good increases. (or, what actions can the govt do to influence changes in demand, and what is the cheapest way of doing it)

	03-06-2005 02:39									#52
	Got spare money?

Curb wasteful uses of oil, I suppose. More than we are now.

	03-06-2005 02:40									#53
	Put an end to popups!

quote: I didn't mean to insult actually.

No, what I meant was that I don't wish to insult you, so I will not reply further.

	03-06-2005 02:41									#54
	Avatar Enlargement: We've got the solution

quote: Originally posted by Lawrence of Arabia ya, thats what we are looking at here, how does the consumer change his consumption when the price of one good increases. (or, what actions can the govt do to influence changes in demand, and what is the cheapest way of doing it)

You got an A in microeconomics and you think it has something to do with the govt?

	03-06-2005 02:41									#55
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quote: Originally posted by DanS No, what I meant was that I don't wish to insult you, so I will not reply further.

gotcha.

	03-06-2005 02:43									#56
	Get a bigger avatar today!

quote: You got an A in microeconomics and you think it has something to do with the govt?

yeah, actualy it does, especially when comparing the effects of welfare, subsidies, and cash handouts, and the cost and effects of each on the consumer.

	03-06-2005 02:44									#57
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What college do you go to LoA?

	03-06-2005 02:47									#58
	Support Apolyton buy from Amazon

(check PM box)

	03-06-2005 02:54									#59
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quote: Originally posted by Lawrence of Arabia yeah, actualy it does, especially when comparing the effects of welfare, subsidies, and cash handouts, and the cost and effects of each on the consumer.

True, but the issue is macroeconomic, because it concerns the effect on the whole economy, and what govt action would, or wouldn't, be appropriate.

	03-06-2005 03:02									#60
	Full PM-box? Change here!

You can post in this thread or my skull sucking locust aliens thread, which is more realistic. Btw, when the aliens land and start rounding up humans for brain food, it will likely effect the markets.

I want to be perfectly clear on that.