Results -9 to 0 of 138

Threaded View

  1. #11
    Player
    fusional's Avatar
    Join Date
    Nov 2011
    Posts
    1,170
    Character
    Veto Bahamut
    World
    Fenrir
    Main Class
    Archer Lv 1
    Quote Originally Posted by Breg View Post
    Are you an economist? Do you have an advanced degree to be able to claim this? I need to see at least 17 published references, before I can even begin to argue with you.

    I am tired of people saying this is THE cause and this is THE effect.
    you don't need a degree to understand that, unless particular goods and services are no longer offered- those goods and services lose value when they can be reinjected back into the economy without any net loss

    it's pretty simple.

    think again about an economy where you can buy a brand new car for 15,000 dollars only to turn around and resell it for 15,000 dollars 6 years and 100,000 miles later. it can work for intangibles like stocks and bonds because they're not goods/services- they're investments.

    treating goods and services like investments, though, leads to the economy being saturated in those goods and services when they're reintroduced to the economy from the buyers. (consider also currency inflation- the more currency you mint, the more value it loses. and not only is it similar in concept, in effect depreciation of currency through inflation only serves to hasten the process of depreciation of goods and services that endlessly multiply) then if the companies manufacturing those goods or offer those services continue to do so, they have to reduce the price. and then goods reintroduced into the economy later can't be introduced at the price point they were once at. the goods and services depreciate in value. the cycle continues until we have 30k scorpion harnesses.

    what stops the bleeding? you have to find a way to remove those goods/services from the economy.

    why don't you educate the rest of us on what *you* think the cause and effect is? and how do you propose we solve it? i'm dying to hear this.

    so far nobody in your position has an answer. it's always just "well i don't like that system and you can't convince me to accept it!"
    (4)
    Last edited by fusional; 02-12-2013 at 07:24 AM.