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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (7648)	3/11/2006 1:56:18 PM
From: Lhn5	Read Replies (1) \| Respond to of 24758

Well I did read Mises' The Theory of Money and Credit. I understand your argument regarding oil that the high price will stimulate new production and lower the price. But there can be SOME situations of rising prices where demand can't stimulate more production, such as Renoirs, maybe is an example.

To: GraceZ who wrote (7648)	3/11/2006 2:08:28 PM
From: ahhaha	Respond to of 24758

Samuelson is a university professor. Aside from the need to protect the state which supports university research a professor must extol arcane esoteric reasoning because it sets them aside, makes them special, and rationalizes being paid for doing nothing. It is always that way with the elite. Therefore, any system that tends naturally to do away with elites like free market capitalism, must be refuted, even if that means embracing in a nominal way systems that pretend to do away with elites!