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You just have to love what economic illiterates leftists are.

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Comments

  • Fenderbender123
    Fenderbender123 Member Posts: 2,989
    I actually agree with HHusky. Both consumers and corporations will share the burden. Because it's okay to fuck over everyone as long as it also fucks over corporations. When everyone loses, society wins.
  • Swaye
    Swaye Moderator, Swaye's Wigwam Posts: 41,741 Founders Club
    edited September 2021

    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    What a buffoon
    I cannot stop laffing at this retard. Both that he would write that, and that he actually believes it.

    edit: Never letting him live it down either. The day HHusky told us he was better at everything than everyone here. What a fucking doofus.
  • HHusky
    HHusky Member Posts: 24,527
    Swaye said:

    HHusky said:

    HHusky said:

    Ask me how I know most of you girls never took econ--or at least didn't pass.

    Why?

    You're an economic moron
    Yet I’m better educated, better looking, and richer than you all. I guess there’s no justice in this life.
    What a buffoon
    I cannot stop laffing at this retard. Both that he would write that, and that he actually believes it.

    edit: Never letting him live it down either. The day HHusky told us he was better at everything than everyone here. What a fucking doofus.
    You're welcome, Stalin.
  • greenblood
    greenblood Member Posts: 14,573
    edited September 2021
    HHusky said:

    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
    Supply and demand curves are a great tool for a snap shot in price increases for a specific company. But when an entire sector increases prices, it will most likely bend the curve.
  • HHusky
    HHusky Member Posts: 24,527

    HHusky said:

    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
    Supply and demand curves are a great tool for a snap shot in price increases for a specific company. But when an entire sector increases prices, it will most likely bend the curve.
    Antitrust allegation noted.
  • greenblood
    greenblood Member Posts: 14,573
    HHusky said:

    HHusky said:

    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
    Supply and demand curves are a great tool for a snap shot in price increases for a specific company. But when an entire sector increases prices, it will most likely bend the curve.
    Antitrust allegation noted.
    And...

    This limp dick administration has zero muscle
  • Tequilla
    Tequilla Member Posts: 20,259
    HHusky said:

    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
    I have a degree in mathematics as everybody knows amongst a few others I use far more often …

    Pretty sure I don’t need the Econ 101 refresher
  • HHusky
    HHusky Member Posts: 24,527
    Tequilla said:

    HHusky said:

    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
    I have a degree in mathematics as everybody knows amongst a few others I use far more often …

    Pretty sure I don’t need the Econ 101 refresher
    Odd you quarreled with my entirely correct statement then.
  • Tequilla
    Tequilla Member Posts: 20,259
    HHusky said:

    Tequilla said:

    HHusky said:

    Tequilla said:

    HHusky said:

    Companies and consumers will each bear a share of the increase. Psaki didn’t take econ, I guess. But neither did most of the bored.

    You make a lot of iffy comments …

    This is one of your worst
    You should have gone to class.

    https://www.cs.cmu.edu/~ref/econ101e.html
    I have a degree in mathematics as everybody knows amongst a few others I use far more often …

    Pretty sure I don’t need the Econ 101 refresher
    Odd you quarreled with my entirely correct statement then.
    You think that you’re smart because you throw out supply/demand curves and cite price elasticity

    Problem when you throw elements into the equation that results in high inflationary pressures you aren’t painting the full picture because what happens is you get shifts in those curves

    For example, the current supply chain and input issues throughout the system leading to high levels of inflation isn’t changing anything with respect to demand … but it is causing the supply curve to shift and as a result your intersection point results in higher prices at prior levels

    This is where most people fall short when they think they understand this shit but the reality is they don’t … they do a great job when the variables are static … but variables are rarely static so you have to understand the impact of changing variable before you start talking about your static works again