quote:

Originally posted by DOOMBOT http://mises.org/store/Economics-in-One-Lesson-P33.aspx Fantastic book, Stalin. I highly suggest that you read it. It's very cheap too!

I'll pick it up on my iPhone, but I'd much rather you take something specific from it, post it up, and watch you debate occrider.

quote:

Originally posted by Comrade Stalin I'll pick it up on my iPhone, but I'd much rather you take something specific from it, post it up, and watch you debate occrider.

I'm always up for a debate. Of course, occrider himself would have to be interested. If he would want to do something more formal, I suppose this really isn't the place. Any suggestions?

i’d love to see it but I really doubt occrider is willing to waste any more time on doodlebot. doodlebot was already given an opportunity to illustrate his ability for producing cogent responses to specific issues, and as we saw, it was sorely lacking. I don’t think doodlebot is a bad person or anything, but in my many years of PDD reading I know that occrider requires a little more than esoteric, fairyland economics to get his engine running.

quote:

Originally posted by pkcRAISTLIN i’d love to see it but I really doubt occrider is willing to waste any more time on doodlebot. doodlebot was already given an opportunity to illustrate his ability for producing cogent responses to specific issues, and as we saw, it was sorely lacking. I don’t think doodlebot is a bad person or anything, but in my many years of PDD reading I know that occrider requires a little more than esoteric, fairyland economics to get his engine running.

It's ultimately up to occrider. If he's willing to have a serious debate on economic issues, I'm up for it. You have to understand pkc, when you act like a jerk to others, expect them to not respect you so much in response as well. I can be serious if you like and I can also play the goofball role as well. This forum always opened up my "not so serious" side considering the type of discussion and user responses that go on around here. Like the one you just wrote, for example.

Well then, here you go. Have another crack:

quote:

Originally posted by occrider Not to attack you but this is where I feel like this discussion is heading: When in actuality the discussion should be about this: M*V = P*Q Where: * M is the total dollars in the nation’s money supply * V is the number of times per year each dollar is spent * P is the average price of all the goods and services sold during the year * Q is the quantity of assets, goods and services sold during the year In other words, an increase in the money supply does not necessarily devalue a currency when one considers that it's not a simple single variate equation (although yes the function of printing money does have a devaluationary impact ... which is not necessarily a bad thing as evidenced by the past decade or so of China's macroeconomic policy to deliberately devalue their currency).

The offer is out there, occrider. You can contact me if interested.

I'm afraid this belongs here:



If it doesn't, then I'll just leave it here anyway

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quote:

Originally posted by Lira I'm afraid this belongs here: If it doesn't, then I'll just leave it here anyway

If anyone should know anything about government corruption and how badly they can screw up money, it would be you!

In response to your (before delete) query doomboot:

His most important point (and forgive me if I butcher it occrider!) is

quote:

it's not a simple single variate equation

Meaning that M is not the only variable one must take into consideration when making calculations regarding the value of a currency or inflation. In other words, M is not sufficient by itself to equal inflation or a devaluation. For instance, if V is really low, then you won’t see a corresponding loss of purchasing power.

Additionally, looking at the value of a currency in a vaccum doesn’t tell us an awful lot, because there are contexts, like in China, where the devaluation has gone hand-in-hand with ~10% economic growth for quite some time. China, being one of the largest exporters, benefits from having a cheaper currency because it makes its goods more attractive to import as well as encouraging investment (assuming the State Capitalists say its ok of course!)

Or at least, that’s what I got out of his post. But you can’t hold my mistakes or misunderstandings against him, I might be completely wrong

quote:

Originally posted by pkcRAISTLIN In response to your (before delete) query doomboot: His most important point (and forgive me if I butcher it occrider!) is Meaning that M is not the only variable one must take into consideration when making calculations regarding the value of a currency or inflation. In other words, M is not sufficient by itself to equal inflation or a devaluation. For instance, if V is really low, then you won’t see a corresponding loss of purchasing power. Additionally, looking at the value of a currency in a vaccum doesn’t tell us an awful lot, because there are contexts, like in China, where the devaluation has gone hand-in-hand with ~10% economic growth for quite some time. China, being one of the largest exporters, benefits from having a cheaper currency because it makes its goods more attractive to import as well as encouraging investment (assuming the State Capitalists say its ok of course!) Or at least, that’s what I got out of his post. But you can’t hold my mistakes or misunderstandings against him, I might be completely wrong

Sorry, I've lost interest in this 17 page thread to be quite honest. Start a new thread in PD and we can go from there. I feel like I might be misunderstanding him too so maybe if we shorten this discussion down, especially since he only pops in twice a week. Sound good?

quote:

Originally posted by DOOMBOT If anyone should know anything about government corruption and how badly they can screw up money, it would be you!

Yes, indeed, and I'd love to live in a world where anarchy could work but, alas, I know I don't. My ideal form of government (or lack thereof) is just a pie in the sky, possible only in the comfort of my armchair.

And maybe in Tibet. If China and India were not around.

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Why did my post and Doombot's get deleted? He was just saying he wanted to visit Brazil and I welcomed him

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