Economics is really a chaotic system. Sure, elasticity has an affect on the system. The problem is that Trump has introduced a completely new magnitude of change. Not a qualitative change, since there usually is tariffs. But a quantitative change. He also introduced near universal uncertainty. It's like changing the rules of football midway through the game. People are just going to run simple plays and hope to escape without getting trounced.
Remember when AOG complained about massive qualitative and quantitative changes stemming from the dementia patient's open border and end US oil and gas policies? Me neither. America Last is definitely the best economic policy. AOG learned that somewhere. Also elasticity is dead.
WestinnDuck … thinks to win an argument he needs to prove something other than what is being argued. Logicians call this "attacking an opponent where he is not located."
“We were at our richest from 1870 to 1913. That’s when we were a tariff country. And then they went to an income tax concept,” Trump said days after taking office. “It’s fine. It’s OK. But it would have been very much better.”
Comments
AOG's tariff discussion summary again.
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AOG: Elasticity begone!
And then like magic, AOG thinks it disappeared.
Elasticity is smoke and mirrors is what I learned from this thread. Might as well jack up my prices by 100% since that won’t affect sales volume.
Economics is really a chaotic system. Sure, elasticity has an affect on the system. The problem is that Trump has introduced a completely new magnitude of change. Not a qualitative change, since there usually is tariffs. But a quantitative change. He also introduced near universal uncertainty. It's like changing the rules of football midway through the game. People are just going to run simple plays and hope to escape without getting trounced.
I agree that there's plenty of money sitting on the sidelines waiting to see what happens.
Certainty is not a governing principle though.
Spending, taxes, and trade as it stood would certainly run the US bankrupt.
Actually Trump introduced massive qualitative (uncertainty increase) and quantitative changes.
Remember when AOG complained about massive qualitative and quantitative changes stemming from the dementia patient's open border and end US oil and gas policies? Me neither. America Last is definitely the best economic policy. AOG learned that somewhere. Also elasticity is dead.
Gawd, lost the whataboutism straw-manning bullshit!
Meanwhile, the 1870s called and said:
"You're putting me on.
Really?
Okay, sure!
I'll be right over!"
WestinnDuck … thinks to win an argument he needs to prove something other than what is being argued. Logicians call this "attacking an opponent where he is not located."
The sanctimony is amusing though.
Because bringing up the 1870s in every post is right on topic
Why don't you girls get a room
WestlinnDuck owns you
Is Race allowed to disparage Daddy's vision?
More gibberish
“We were at our richest from 1870 to 1913. That’s when we were a tariff country. And then they went to an income tax concept,” Trump said days after taking office. “It’s fine. It’s OK. But it would have been very much better.”
And?
Fake attorney @HHusky is getting close to Gehrig numbers for being wrong on everything in a row.
Once again hardcorehusky.com was first and right
God, I love that homo.