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  • *T*'s Avatar
    08-15-17, 04:47 PM
    *T* replied to a thread Blockchain update in News
    Happy to start a new thread on it. BTC was my next major investment creaming off some of my gold profits. You can search the forum for my thread....
    7 replies | 1145 view(s)
  • thriftyandboringinohio's Avatar
    08-15-17, 08:01 AM
    So Mike, what are you seeing that looks like a flood of endless deflation? Can you tell us more about your observation? . . .
    1 replies | 93 view(s)
  • Mega's Avatar
    08-15-17, 07:39 AM
    Why have we a flood of endless Deflation? Mike
    1 replies | 93 view(s)
  • Mega's Avatar
    08-12-17, 01:53 PM
    Mega replied to a thread Oh dear in News
    2 replies | 145 view(s)
  • jk's Avatar
    08-12-17, 10:51 AM
    jk replied to a thread The PIIGS still fly in News
    dc, i think i understand your argument but i also like the maxim that all models are wrong, but some are useful. the broader movements in the price...
    69 replies | 1935 view(s)
  • dcarrigg's Avatar
    08-12-17, 01:36 AM
    dcarrigg replied to a thread The PIIGS still fly in News
    The problem is simple, and doesn't take very much education to understand. Sometimes parables help. So I'll try to whip up a simple one. The...
    69 replies | 1935 view(s)
  • jk's Avatar
    08-11-17, 10:01 PM
    jk replied to a thread The PIIGS still fly in News
    i can't say i can follow that reference very well, dc; i don't have the proper education. but i do know that minsky brought the behavioral, the...
    69 replies | 1935 view(s)
  • dcarrigg's Avatar
    08-11-17, 05:37 PM
    dcarrigg replied to a thread Oh dear in News
    Even to us yanks, pints are looking mighty cheap on your side of the pond these days... Gotta be good for exports and tourism.
    2 replies | 145 view(s)
  • Mega's Avatar
    08-11-17, 05:03 PM
    Mega started a thread Oh dear in News
    https://www.theguardian.com/business/2017/aug/11/brexit-pain-for-holidaymakers-as-pound-set-to-fall-further-against-euro Mike
    2 replies | 145 view(s)
  • dcarrigg's Avatar
    08-11-17, 02:25 PM
    dcarrigg replied to a thread The PIIGS still fly in News
    It's amazing (or maybe not) how much he sounds like Piketty around the 28m mark. And the first world has only been following the 2nd of his 3 rules...
    69 replies | 1935 view(s)
  • jk's Avatar
    08-11-17, 09:35 AM
    jk replied to a thread The PIIGS still fly in News
    you might enjoy ray dalio's "how the economic machine works." he constructs a model of the economy in terms of actual transactions.
    69 replies | 1935 view(s)
  • charliebrown's Avatar
    08-11-17, 12:04 AM
    thanks for the links.
    3 replies | 367 view(s)
  • dcarrigg's Avatar
    08-10-17, 10:13 PM
    dcarrigg replied to a thread The PIIGS still fly in News
    Do they, though? With temperature, we can measure it on scales based on physical reality. In fact, in Kelvin, we can build a scale based on a...
    69 replies | 1935 view(s)
  • jk's Avatar
    08-10-17, 08:34 PM
    jk replied to a thread The PIIGS still fly in News
    "market forces" exist in the same way as temperature and pressure. the latter, physical, phenomena are just manifestations of atomic/molecular...
    69 replies | 1935 view(s)
  • dcarrigg's Avatar
    08-10-17, 08:17 PM
    dcarrigg replied to a thread The PIIGS still fly in News
    What are these market forces? Like, exactly what are they? What causes them? Where do they come from? In what unit are they measured? What...
    69 replies | 1935 view(s)
  • gnk's Avatar
    08-10-17, 04:36 PM
    gnk replied to a thread The PIIGS still fly in News
    I'm enjoying this discussion, and I think depending on the reader, we both proved our points. My Neolithic example still holds. However, what...
    69 replies | 1935 view(s)
  • dcarrigg's Avatar
    08-10-17, 12:25 PM
    dcarrigg replied to a thread The PIIGS still fly in News
    Yup. Supply and demand "forces" are based on the theoretical concept that human commercial interactions reach a general equilibrium like heat in a...
    69 replies | 1935 view(s)
  • gnk's Avatar
    08-10-17, 11:08 AM
    gnk replied to a thread The PIIGS still fly in News
    Really? Supply and demand forces (Free Market) are a recent phenomena? Or are they a fiction? I'm pretty sure that during Neolithic times...
    69 replies | 1935 view(s)
  • dcarrigg's Avatar
    08-10-17, 08:31 AM
    dcarrigg replied to a thread The PIIGS still fly in News
    The only problem with your theory is that the idea of Markets didn't exist yet as such. Especially not the idea of "free markets." Income tax...
    69 replies | 1935 view(s)
  • gnk's Avatar
    08-10-17, 02:29 AM
    gnk replied to a thread The PIIGS still fly in News
    Real Markets that foster competition are destructive. Even the Robber Barons of the Guilded age knew this. The banker John Pierpont Morgan even...
    69 replies | 1935 view(s)
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