Trade argument moved from the presidential poll thread

[Kidlicious]

Law of Supply

A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases and vice versa.

If you don't understand what that means you've got no business debating economics.

[Kidlicious]

Work on it.

[Ming]

Originally posted by KrazyHorse
I used to feel sorry for you kid. I've begun to realize that you enjoy being an ignorant, angry little man.

Come on KH... enough with the personal crap.

Again, feel free to point out the flaws in anybodies posts, but enough with the presonal stuff.

[KrazyHorse]

Don't pretend you aren't secretly enjoying it.

[Boris Godunov]

Man, I wish real economist arguments went like this one...

[KrazyHorse]

Real economists don't have to point out to other economists that the sky is blue and licking a hot curling iron is a bad idea. If they did then their arguments would resemble this a lot more than you think.

[snoopy369]

Originally posted by Kidicious
Law of Supply

A microeconomic law stating that, all other factors being equal, as the price of a good or service increases, the quantity of goods or services offered by suppliers increases and vice versa.

If you don't understand what that means you've got no business debating economics.

You know this doesn't apply to every good equally, right? You've heard of "elasticity"?

[KrazyHorse]

You're not pointing out the very basic flaw in his argument. Namely that he's assuming the price of oil in USD remains constant, which would lead immediately to shortages due to a pickup in demand from sources whose currencies have appreciated against USD.

[Kidlicious]

Originally posted by snoopy369


You know this doesn't apply to every good equally, right? You've heard of "elasticity"?

Look KH is saying the quantity of oil will increase when the price decreases. What is your point?

[KrazyHorse]

Not that I blame you for not pointing it out, because I've already done so a number of times without him listening.

[KrazyHorse]

Originally posted by Kidicious


Look KH is saying the quantity of oil will increase when the price decreases

You obviously can't read in addition to not being able to think.

[Kidlicious]

Originally posted by KrazyHorse
You're not pointing out the very basic flaw in his argument. Namely that he's assuming the price of oil in USD remains constant, which would lead immediately to shortages due to a pickup in demand from sources whose currencies have appreciated against USD.

Why do you think I posted that graph showing you the relation of the value of the USD and the price of oil?

[KrazyHorse]

Because you're a postbot who's rapidly demonstrating that he can't pass a Turing test?

[Kidlicious]

Originally posted by KrazyHorse


You obviously can't read in addition to not being able to think.

You don't know what you're saying. I'm telling you.

[Ming]

KH... ENOUGH!
Discuss the topic and NOT the posters.