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Author Topic: no one gets rich without help  (Read 2457 times)
The Script
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October 02, 2011, 12:46:18 AM
 #21


A job is created when a person figures out a way to create something valuable with his or her effort and talents and trade it for  something of value in return (paycheck).  Demand is mutual.  Honest mutually benefitial trading of goods and services is what 'jobs' is all about. 

So, honest man, please create somthing valuable with your effort and trade it for something of value in return, can you?

If you can not, how could others can? What you create must suit others desire, but once others desire are mostly filled up by those corporations, you will have a hard time come out with an idea that can continously impress consumers. Housing used to be such an impressive idea, but now it is busted, please find out another idea that can impress consumers  Wink

In another word, why someone needs to be impressed at all?

As soon people have all the horses and carriages they need and enough kerosene for their lamps they will never desire ("demand") any other luxuries or goods. 
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johnyj
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October 02, 2011, 08:34:16 AM
 #22


As soon people have all the horses and carriages they need and enough kerosene for their lamps they will never desire ("demand") any other luxuries or goods. 


They will, but that is some kind of luxury they do not need in a recession. And people's consumption behavior takes a long time to change

I forgot, there is one thing that people always want more no matter what, it is money,  printing more money is right on the spot  Cheesy


The Script
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October 02, 2011, 09:38:05 AM
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As soon people have all the horses and carriages they need and enough kerosene for their lamps they will never desire ("demand") any other luxuries or goods.  


They will, but that is some kind of luxury they do not need in a recession. And people's consumption behavior takes a long time to change

I forgot, there is one thing that people always want more no matter what, it is money,  printing more money is right on the spot  Cheesy



How do you know what people need or desire in a recession?  Are you omniscient?

Money is indeed the commodity that is the exception to the law of diminishing marginal utility because people always want more of it so they can use it to get more of the things they want.  However, printing it reduces its purchasing power which means people can get less of what they want with the money.

Edit: Law of DIMINISHING marginal utility
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October 02, 2011, 06:46:24 PM
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How do you know what people need or desire in a recession?  Are you omniscient?

Money is indeed the commodity that is the exception to the marginal law of utility because people always want more of it so they can use it to get more of the things they want.  However, printing it reduces its purchasing power which means people can get less of what they want with the money.

You don't need to be a prophet to know that people are saving more in money's form in a recession, the financial security is the first thing people seek when in trouble

High jobless hurt economy because those people who have a job feel unsecure and they have to save a lot to prepare for the hard job-hunting time just in case they get fired one day

People want money not because of the products they want, they just want money, so if there is anything that they are interested showed up in the future, they can purchase, but if there is nothing interesting showed up, they just hold the money and feel comfortable  Smiley

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October 03, 2011, 02:38:10 AM
 #25



Money is indeed the commodity that is the exception to the marginal law of utility because people always want more of it so they can use it to get more of the things they want.  

What? This is just wrong. You think you would want 1 more dollar just as much when you had a million as when you had 2?

edit: sorry, I assume you mean law of diminishing marginal utility.

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The Script
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October 03, 2011, 04:37:12 AM
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Money is indeed the commodity that is the exception to the marginal law of utility because people always want more of it so they can use it to get more of the things they want.  

What? This is just wrong. You think you would want 1 more dollar just as much when you had a million as when you had 2?

edit: sorry, I assume you mean law of diminishing marginal utility.

Yes, sorry.  I edited my post.  Thank you. 
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