Bitcoin Forum
March 28, 2024, 03:33:00 PM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: no one gets rich without help  (Read 2743 times)
The Script
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
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. 
1711639980
Hero Member
*
Offline Offline

Posts: 1711639980

View Profile Personal Message (Offline)

Ignore
1711639980
Reply with quote  #2

1711639980
Report to moderator
1711639980
Hero Member
*
Offline Offline

Posts: 1711639980

View Profile Personal Message (Offline)

Ignore
1711639980
Reply with quote  #2

1711639980
Report to moderator
In order to get the maximum amount of activity points possible, you just need to post once per day on average. Skipping days is OK as long as you maintain the average.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
johnyj
Legendary
*
Offline Offline

Activity: 1988
Merit: 1007


Beyond Imagination


View Profile
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
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
October 02, 2011, 09:38:05 AM
Last edit: October 03, 2011, 04:36:05 AM by The Script
 #23


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
johnyj
Legendary
*
Offline Offline

Activity: 1988
Merit: 1007


Beyond Imagination


View Profile
October 02, 2011, 06:46:24 PM
Last edit: October 03, 2011, 10:12:06 AM by johnyj
 #24

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

FreeMoney
Legendary
*
Offline Offline

Activity: 1246
Merit: 1014


Strength in numbers


View Profile WWW
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.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
The Script
Sr. Member
****
Offline Offline

Activity: 336
Merit: 250


View Profile
October 03, 2011, 04:37:12 AM
 #26



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. 
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!