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there's a university called UNCLE? never heard of it...

huh? wrong on both counts..

Why do you randoms feel the need to articulate you thoughts on these matters? Knowledge derived from these far-right crackpot website you frequent is not permissible in rational conversations.. There is simply no theory or evidence to support these nut-job fantasies, the 'free-market' is not...

Anarchism attracts quasi-educated adolescents (who have grown up in extremely comfortable surroundings) who want rebel for the sake of it. Their pea-brains latch onto outdated slogans like 'free markets are efficient'', 'let kids play violent rape games', etc..and from there on they don't...

Huh? 99% of people who get 'English' degrees from CSU become kitchen hands or waiters anyway..?

In fact our government value adds. There's a lot of market failure that needs correcting, and without a government (take a look at Somalia) we'd be far worse off.

halfwit troll is a halfwit

exactly, and engineers are just outdated calculators, they don't invent anything, they follow instructions about how to check chemical levels at waste treatment plants, etc.. Can you name one famous engineer in the last decade? Didn't think so. Is Steve jobs an engineer? Didn't think so. Do...

talking to an engineer is like talking to a kitchen bench, they have no capacity for creative/independent thoughts, all they can do is plug numbers into formula developed by mathematicians. Society doesn't value engineers today (as reflected in the fact their mean income in 2008/2009 was...

judged on what metric..? nah, I defined inflation as a sustained rise in general price levels, changes in individual prices due to supply/demand factors are called relative price changes. What metric are you using to define 'money supply'? Sorry but your statements amount to ill-defined babble.

Huh? Inflation is defined as a sustained rise in general price levels.. Yes it's caused by a number of things, but what do you mean by 'the value of the money'..are you talking about purchasing power? Please be more specific young man.

Err, you don't need a university degree for these things...I think you just ring-up a hot-line or something if you want to get 'certified'

higher input costs (labor) ==> increase in prices but what do you mean by 'value of the money'.......?

Then you'd know that your question made no sense.. Okay ignore the Bernanke one, the most important one is the Stiglitz. Oh wait you dont want to read that one ether? Just like the creationists don't want to look at the DNA or fossil evidence for evolution? Good job on exposing yourself as a...

Why? What have you got to hide? Someone would only be against this if they look at child porn or something.

Awful syntax, You don't 'increase Pareto Optimality', an allocation of resources is either Pareto Optimal or Not Pareto Optimal. A state of affairs is said to be Pareto Optimal if no reallocation of resources can make each agent better of. A Pareto Improvement occurs when a reallocation of...

yes, unless you like staring at toothpaste all day..

heh..when you get confronted with the facts that falsify your bizarre quasi-religious views you 'laugh' Reminds me of when creationist laugh at the claims of evolution. Nauseating.

Pardon? Take a read..it's not an opinion it's a mathematical fact. Greenwald, Bruce and Joseph E. Stiglitz. 1986. Externalities in economies with imperfect information and incomplete markets. Quarterly Journal of Economics 101: 229- 264. Bernanke, Ben S. and Mark Gertler. 1990. Financial...

Incorrect, the mathematics shows that whenever markets are incomplete and /or information is imperfect (which are true in virtually all economies), a competitive market allocation is not constrained Pareto-efficient In other words, there almost always exists schemes of government intervention...