Hillary Clinton - Economicus Ignorissimus

[laughing dog]

It's the only strategy you have left since you lost that argument a long time ago.

As usual when it comes to economics, you are mistaken. Come up with a citation that supports your claim that demand and supply is a product or a service. My demand for mushrooms is not a product even thought mushrooms are a product.

 

[dismal]

Not where I learned economics.

Demand is someone wanting something.

If that's the case, then there is no shortage of demand right now and therefore no need to try to stimulate it. Demand is someone wanting something [and having the ability to pay for it. [/B] In other words, demand derives from production. When people aren't producing, they don't have wages and therefore do not have the ability to acquire what they want. Hence demand is low.



CIf

Demand is me wanting something. I want a swimming pool full of coke. I'd rather have it than not have it, so I have demand for it.

However the specific quantity I will demand is a function of price. If you will sell me a swimming pool full of coke and a case of mentos for $10 I might buy 50 swimming pools full per year. If you want to charge me $50,000 I probably won't take any.

Much of our demand is unmet because no one is willing to supply us things at prices we are willing to pay.

I have never once bought a Ferrari, but I have unmet demand for one.

 

[SimpleDon]

In economics, jobs are a cost.

....

Jobs are not just costs to the economy. The wages that are paid for labor make up the vast majority of the demand in the economy. It is demand that creates jobs. Business investment creates very few jobs directly, even less in a recession. But businesses won't invest unless there is demand for their products.

 

[Jimmy Higgins]

In economics, jobs are a cost.

Some jobs are also a companies main or sole source of revenue.

What we want to create is goods and services.

Yes, because if we are super-critical we can pretend that she meant flat out just to increase business inefficiencies by doing the same work with more people.

 

[Nice Squirrel]

Some jobs are also a companies main or sole source of revenue.

Just because an employee like me performs services that bring in $10 million dollars net revenue, doesn't mean that I am not a worthless parasite costing the company thousands in "wages and benefits".

 

[Jimmy Higgins]

Some jobs are also a companies main or sole source of revenue.

Just because an employee like me performs services that bring in $10 million dollars net revenue, doesn't mean that I am not a worthless parasite costing the company thousands in "wages and benefits".

Scab!

 

[laughing dog]

Jobs are a cost to the employer. Jobs are a benefit to the employees.

 

[Jason Harvestdancer]

It's the only strategy you have left since you lost that argument a long time ago.

As usual when it comes to economics, you are mistaken. Come up with a citation that supports your claim that demand and supply is a product or a service. My demand for mushrooms is not a product even thought mushrooms are a product.

Semantics, the last refuge (before name calling) of a person out of actual arguments.

 

[SimpleDon]

Demand is created by workers making things. Demand is a product or service. Printing money does not create demand, but the Fed doesn't seem to have figured that out.

Not where I learned economics.

Demand is someone wanting something.

I and I think that zipper head are talking about demand in economic terms. It is not just the desire to own something. They also have to have the money to purchase it at the price that a supplier is willing to sell it for with no less expensive substitute product that provides the same needs, utility, the same satisfaction.

As sometimes happens with bill I have no idea what he is talking about.

I would be interested in where you learned economics. And I need to apologize for my post to you in a different thread when I said that I would mock you. There is never an excuse for bad manners.

 

[ZiprHead]

Not where I learned economics.

Demand is someone wanting something.

I and I think that zipper head are talking about demand in economic terms. It is not just the desire to own something. They also have to have the money to purchase it at the price that a supplier is willing to sell it for with no less expensive substitute product that provides the same needs, utility, the same satisfaction.

As sometimes happens with bill I have no idea what he is talking about.

I would be interested in where you learned economics. And I need to apologize for my post to you in a different thread when I said that I would mock you. There is never an excuse for bad manners.

Exactly. Demand without the ability to purchase to fulfill that demand is not really demand. It's wishful thinking. i.e.: I do not demand a 90 foot yacht, I do, however, wish I had one. Big difference.

 

[dismal]

I and I think that zipper head are talking about demand in economic terms. It is not just the desire to own something. They also have to have the money to purchase it at the price that a supplier is willing to sell it for with no less expensive substitute product that provides the same needs, utility, the same satisfaction.

As sometimes happens with bill I have no idea what he is talking about.

I would be interested in where you learned economics. And I need to apologize for my post to you in a different thread when I said that I would mock you. There is never an excuse for bad manners.

Exactly. Demand without the ability to purchase to fulfill that demand is not really demand. It's wishful thinking. i.e.: I do not demand a 90 foot yacht, I do, however, wish I had one. Big difference.

If someone was willing to sell you a 90 foot yacht for $5 would you transact? If so, then you have demand for a 90 foot yacht. The reason you are not transacting is not that you don't have demand, it's that there is no supply being offered at $5.

 

[ZiprHead]

Exactly. Demand without the ability to purchase to fulfill that demand is not really demand. It's wishful thinking. i.e.: I do not demand a 90 foot yacht, I do, however, wish I had one. Big difference.

If someone was willing to sell you a 90 foot yacht for $5 would you transact? If so, then you have demand for a 90 foot yacht. The reason you are not transacting is not that you don't have demand, it's that there is no supply being offered at $5.

I have demand for a 90' yacht at $5, yes. Real demand, however, requires a reasonable ability to acquire, not some idiotic strawman you can burn down to win an argument on the internet.

 

[dismal]

If someone was willing to sell you a 90 foot yacht for $5 would you transact? If so, then you have demand for a 90 foot yacht. The reason you are not transacting is not that you don't have demand, it's that there is no supply being offered at $5.

I have demand for a 90' yacht at $5, yes. Real demand, however, requires a reasonable ability to acquire, not some idiotic strawman you can burn down to win an argument on the internet.

"Real Demand"? I'm not familiar with the term.

What is not "real" about your willingness to buy a yacht for $5?

 

[Nice Squirrel]

I have demand for a 90' yacht at $5, yes. Real demand, however, requires a reasonable ability to acquire, not some idiotic strawman you can burn down to win an argument on the internet.

"Real Demand"? I'm not familiar with the term.

What is not "real" about your willingness to buy a yacht for $5?

Luxury tax.

 

[ZiprHead]

I have demand for a 90' yacht at $5, yes. Real demand, however, requires a reasonable ability to acquire, not some idiotic strawman you can burn down to win an argument on the internet.

"Real Demand"? I'm not familiar with the term.

What is not "real" about your willingness to buy a yacht for $5?

Now you're arguing about valid terms in economics?

 

[RavenSky]

When someone says demand and supply are both products or services, it is time to ignore the rest of the analysis.

Yep

 

[boneyard bill]

It's the only strategy you have left since you lost that argument a long time ago.

As usual when it comes to economics, you are mistaken. Come up with a citation that supports your claim that demand and supply is a product or a service. My demand for mushrooms is not a product even thought mushrooms are a product.

We've been over this before. You submitted a link to an economics site which defined "demand." But evidently you didn't read the definition very carefully because the site YOU referred to said the demand is a product or service. So go find that site, and you'll have the reference you are seeking.

Your desire for mushrooms is not demand. Demand is whatever you have of value that can be exchanged for the mushrooms you desire. If desire were demand, there would never be a shortage, and we would have not demand-side theories to deal with.

 

[boneyard bill]

If that's the case, then there is no shortage of demand right now and therefore no need to try to stimulate it. Demand is someone wanting something [and having the ability to pay for it. [/B] In other words, demand derives from production. When people aren't producing, they don't have wages and therefore do not have the ability to acquire what they want. Hence demand is low.



CIf

Demand is me wanting something. I want a swimming pool full of coke. I'd rather have it than not have it, so I have demand for it.

However the specific quantity I will demand is a function of price. If you will sell me a swimming pool full of coke and a case of mentos for $10 I might buy 50 swimming pools full per year. If you want to charge me $50,000 I probably won't take any.

Much of our demand is unmet because no one is willing to supply us things at prices we are willing to pay.

I have never once bought a Ferrari, but I have unmet demand for one.

Your unmet desires are useless in discussing economics. Market economics begins with an exchange. There is a product or service on both ends of that exchange. You have unlimited desires, but economics is about the allocation of scarce resources and demand is a scarce resource. If it were not, it would have no value and no place in an economic discussion.

 

[boneyard bill]

In economics, jobs are a cost.

....

Jobs are not just costs to the economy. The wages that are paid for labor make up the vast majority of the demand in the economy. It is demand that creates jobs. Business investment creates very few jobs directly, even less in a recession. But businesses won't invest unless there is demand for their products.

A recession usually begins from a large number of bankruptcies or defaults occurring within a similar time period. This reduces the supply of money and therefore the demand for products and service at the going price. The cure for a recession is for prices to fall due to the decline in the money supply and for people to get out of debt and begin to save. Once the high priced inventories are sold off and the losses taken, businesses can begin to increase production. The worst thing you can do is to encourage more borrowing and more debt. Yes, this restores the money supply, but it also prevents the price declines that are needed to get the economy back on track. And with the people now even more indebted, they are even more reluctant to buy.

 

[boneyard bill]

I and I think that zipper head are talking about demand in economic terms. It is not just the desire to own something. They also have to have the money to purchase it at the price that a supplier is willing to sell it for with no less expensive substitute product that provides the same needs, utility, the same satisfaction.

As sometimes happens with bill I have no idea what he is talking about.

I would be interested in where you learned economics. And I need to apologize for my post to you in a different thread when I said that I would mock you. There is never an excuse for bad manners.

Exactly. Demand without the ability to purchase to fulfill that demand is not really demand. It's wishful thinking. i.e.: I do not demand a 90 foot yacht, I do, however, wish I had one. Big difference.

I agree. Demand is the ability to purchase a product or service. But it would be a big mistake to assume that an increase in the money supply, or the pursuit of policies that tend to increase the money supply represents and increase in demand. If you have more dollars but the sum total of dollars in circulation has not changed, then the value of your dollar is the same. But if the supply of money (or credit since they are closely related in a fiat money system) increases your dollar will not necessarily be able to acquire what you had wanted to purchase. So currency is not demand. Currency represents products or services produced. If the products or services produced does not increase in line with the increase in money, then you only have a phony demand and no real increase in purchasing power. The real demand, therefore, derives from products or services.