Comments for Plain Sense Economics http://www.plain-sense.com For students and friends of economics Fri, 03 Feb 2012 01:36:33 -0800 http://wordpress.org/?v=2.8 hourly 1 Comment on Cigarettes are Price Inelastic by How Unsweet It Is | Nature + Nurture http://www.plain-sense.com/2009/04/04/cigarettes-are-price-inelastic/comment-page-1/#comment-43961 How Unsweet It Is | Nature + Nurture Fri, 03 Feb 2012 01:36:33 +0000 http://www.plain-sense.com/?p=85#comment-43961 [...] convinced that taxing sugary substances would work, because the demand for addictive substances tends to be inelastic; in my previous involvement with tobacco control projects (many, many moons ago) we saw that too [...] [...] convinced that taxing sugary substances would work, because the demand for addictive substances tends to be inelastic; in my previous involvement with tobacco control projects (many, many moons ago) we saw that too [...]

]]> Comment on I’ll gladly pay you Tuesday for a hamburger today by Andy Rates http://www.plain-sense.com/2011/12/28/ill-gladly-pay-you-tuesday-for-a-hamburger-today/comment-page-1/#comment-41845 Andy Rates Tue, 03 Jan 2012 21:16:37 +0000 http://www.plain-sense.com/?p=493#comment-41845 Thanks for attaching that article by the New York federal reserve economist. Great Post! I enjoyed reading it! Thanks for attaching that article by the New York federal reserve economist.
Great Post! I enjoyed reading it!

]]> Comment on Recovery: Bottom Up or Top Down? by Kyle Pate http://www.plain-sense.com/2011/09/11/recovery-bottom-up-or-top-down/comment-page-1/#comment-41608 Kyle Pate Sat, 31 Dec 2011 17:12:47 +0000 http://www.plain-sense.com/?p=432#comment-41608 Not that I believe this - but Austrians seem to argue that the great depression was NOT a validation of Keynes theory. That the 1945 recession was the result of Keynesian policy. Could it just have been the war? Comment? Not that I believe this – but Austrians seem to argue that the great depression was NOT a validation of Keynes theory. That the 1945 recession was the result of Keynesian policy. Could it just have been the war?

Comment?

]]> Comment on I’ll gladly pay you Tuesday for a hamburger today by Doug Gentry http://www.plain-sense.com/2011/12/28/ill-gladly-pay-you-tuesday-for-a-hamburger-today/comment-page-1/#comment-41412 Doug Gentry Thu, 29 Dec 2011 13:02:58 +0000 http://www.plain-sense.com/?p=493#comment-41412 Thanks Paul. The link should work now. Thanks Paul. The link should work now.

]]> Comment on I’ll gladly pay you Tuesday for a hamburger today by Paul Jenkins http://www.plain-sense.com/2011/12/28/ill-gladly-pay-you-tuesday-for-a-hamburger-today/comment-page-1/#comment-41394 Paul Jenkins Thu, 29 Dec 2011 06:42:37 +0000 http://www.plain-sense.com/?p=493#comment-41394 Great post, Doug! I'm working on an entire series explaining this in all the gory detail (though without the impenetrable equations) via the IS-LM model. http://www.viral-memes.com/?p=551 One issue: The link at the end is broken. I think it's trying to link internally by appending the actual link onto the end of your web address. ;) Paul Great post, Doug! I’m working on an entire series explaining this in all the gory detail (though without the impenetrable equations) via the IS-LM model.

http://www.viral-memes.com/?p=551

One issue: The link at the end is broken. I think it’s trying to link internally by appending the actual link onto the end of your web address. ;)

Paul

]]> Comment on History Lesson by spiritofjubilee http://www.plain-sense.com/2011/12/11/history-lesson/comment-page-1/#comment-40270 spiritofjubilee Thu, 15 Dec 2011 01:52:27 +0000 http://www.plain-sense.com/?p=474#comment-40270 Hey There Plainsense, Interesting Thoughts, In this article we shall take stock of how India has changed over the years by taking a retrospective journey through decades, giving a micro economic view of gradual progress through the eyes of a growing child and a grown up adult. Good Job! In America: governments, businesses, individuals are now buried under a mountain of debt. A mountain of debt that will never be repaid. Who will borrow when they can't make the payments on the debt that they have already? The math alone calls for a system reset, a debt jubilee. Investors are already losing... in a rigged monetary casino that rewards usury, speculation, and currency manipulation while looting main street. There is a moral principle that debts should be honored. That is, debts between businesses that buy and sell real products, not bundled ponzi schemes, debts between individuals, between friends and businesses that know each other to be rational and moral, debts based on investments where there is a rational expectation of return. There is also a moral principle that unjust debts should be cancelled, and usury legislated against. Debts that are 'odious', debts based on fraud, debts to dictators, debts arranged by oligarchs without the consent of the general population (the 99 percent who have been left out of the equation), debts based upon compound interest upon compound interest, that should have been written off long ago, the debts need to be cancelled in a general jubilee. Think outside the box. It's time for a jubilee. Hey There Plainsense,
Interesting Thoughts, In this article we shall take stock of how India has changed over the years by taking a retrospective journey through decades, giving a micro economic view of gradual progress through the eyes of a growing child and a grown up adult.
Good Job!
In America: governments, businesses, individuals are now buried under a mountain of debt. A mountain of debt that will never be repaid.

Who will borrow when they can’t make the payments on the debt that they have already? The math alone calls for a system reset, a debt jubilee.

Investors are already losing… in a rigged monetary casino that rewards usury, speculation, and currency manipulation while looting main street.

There is a moral principle that debts should be honored. That is, debts between businesses that buy and sell real products, not bundled ponzi schemes, debts between individuals, between friends and businesses that know each other to be rational and moral, debts based on investments where there is a rational expectation of return.

There is also a moral principle that unjust debts should be cancelled, and usury legislated against. Debts that are ‘odious’, debts based on fraud, debts to dictators, debts arranged by oligarchs without the consent of the general population (the 99 percent who have been left out of the equation), debts based upon compound interest upon compound interest, that should have been written off long ago, the debts need to be cancelled in a general jubilee. Think outside the box. It’s time for a jubilee.

]]> Comment on The Wisdom of Crowds by Doug Gentry http://www.plain-sense.com/2011/11/12/the-wisdom-of-crowds/comment-page-1/#comment-37765 Doug Gentry Sun, 13 Nov 2011 21:54:12 +0000 http://www.plain-sense.com/?p=451#comment-37765 You're welcome to start an account, but you don't need one if all you do is watch what happens. I believe Intrade is hosted outside the U.S. - for fear of anti-gambling laws here. In addition they don't accept sporting events as a category. You’re welcome to start an account, but you don’t need one if all you do is watch what happens. I believe Intrade is hosted outside the U.S. – for fear of anti-gambling laws here. In addition they don’t accept sporting events as a category.

]]> Comment on The Wisdom of Crowds by Gayle Ellison http://www.plain-sense.com/2011/11/12/the-wisdom-of-crowds/comment-page-1/#comment-37760 Gayle Ellison Sun, 13 Nov 2011 21:20:41 +0000 http://www.plain-sense.com/?p=451#comment-37760 Intrade.com is fascinating. Thank you for telling us about it. I will probably start an account and watch it. Intrade.com is fascinating. Thank you for telling us about it. I will probably start an account and watch it.

]]> Comment on The Wisdom of Crowds by Claire Neyman http://www.plain-sense.com/2011/11/12/the-wisdom-of-crowds/comment-page-1/#comment-37694 Claire Neyman Sun, 13 Nov 2011 00:18:40 +0000 http://www.plain-sense.com/?p=451#comment-37694 This is an interesting type of competitive market! I kind of like how it is some sort of small "investment" based on your predictions, similar to betting (in a sense). As you stated, it seems like it gets extremely close to being a perfectly competitive market, with a large amount of buyers and sellers, easy entry and exit, and all have relatively the same amount of information. Additionally, it's interesting that new information will change the equilibrium price. Thanks for this! This is an interesting type of competitive market! I kind of like how it is some sort of small “investment” based on your predictions, similar to betting (in a sense). As you stated, it seems like it gets extremely close to being a perfectly competitive market, with a large amount of buyers and sellers, easy entry and exit, and all have relatively the same amount of information. Additionally, it’s interesting that new information will change the equilibrium price.

Thanks for this!

]]> Comment on Arthur Cecil Pigou by Devon Bond http://www.plain-sense.com/2009/12/04/arthur-cecil-pigou/comment-page-1/#comment-37204 Devon Bond Sat, 05 Nov 2011 13:56:27 +0000 http://www.plain-sense.com/?p=189#comment-37204 Seems to me that applying Pigou's tax to transactions, that adversely impact the environment and economy would be the way to go. Seems to me that applying Pigou’s tax to transactions, that adversely impact the environment and economy would be the way to go.

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