Re: ebay auction-Gatto clubs from 7c record

Nerd wrote:
> adremeaux wrote:
> > With a response like that, don't you think it'd be in line to point out
> > his errors, rather than just leaving most of us baffled with what to
> > believe? Unlike juggling, the majority of us here have little to no
> > experience in economics and are probably at least somewhat interested
> > in knowing the "correct" answer, so maybe you should help us out.
> >
> > Or you could just join the ranks of the recent flamers that show up out
> > of nowhere, having never posted before, just to tell everyone else they
> > are stupid and back it up with nothing.
> >
> > Disrespecfully submitted,
> > -andy
> >
>
>
> Causes of the VARIOUS KINDS OF INFLATION can not be explained in just a
> few words like the moron tried to do in a faulty way. You would have to
> write quite a few pages. The price is always set by the crossing graph
> of demand and suply. This does not in it self cause inflation. In a very
> very very general context you can say that inflation is caused when
> the VALUE OF THE MARKED goes down. That would make the country have to
> devaluate it's currancy. Another way is when there is a lack of suply,
> wich causes prises to rise. This in it self does not make the mony worth
> any less compared to the contry next to it. In general you can say that
> gatto causes neither of these.


I'll agree that the price is set by the intersection of demand and supply
in its nature. This is what my point was about that if someone will buy
it at that price, someone will sell it. Inflation can only be seen in the
macroeconomic scale where aggregate demand crosses the vertical portion of
the aggregate supply curve. Supply and demand don't affect the price
level. Reducing supply is moving down the supply curve which does nothing
to the intersection with demand. I'm not blaming Gatto for anything, nor
was inflation my point. If something is worth buying, it is essentially
money and can be traded as such. By putting value into things without any
goods (money) put into it, it creates more value and more money. And if
there is more money then money is worth less. Where does the last 3
sentances go wrong?

Chiok

www.gravityvomit.co.uk
(bet my second langauge is better than yours)

----== posted via www.jugglingdb.com ==----

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