patrick.net

FortWayne says

Dan8267 says

No, that's not how economics works. If every household's wealth production doubles, then goods should cost half as much as a function of an hour of labor

Nope Dan, it would be inflation. You don't even got the basics man.

If productivity increases then prices decrease. Apparently someone else has trouble with basics as well.

bob2356 says

FortWayne says

Dan8267 says

No, that's not how economics works. If every household's wealth production doubles, then goods should cost half as much as a function of an hour of labor

Nope Dan, it would be inflation. You don't even got the basics man.

If productivity increases then prices decrease. Apparently someone else has trouble with basics as well.

If everyone makes double the money, prices double too. Did you learn nothing from history?

FortWayne says

bob2356 says

FortWayne says

Dan8267 says

No, that's not how economics works. If every household's wealth production doubles, then goods should cost half as much as a function of an hour of labor

Nope Dan, it would be inflation. You don't even got the basics man.

If productivity increases then prices decrease. Apparently someone else has trouble with basics as well.

If everyone makes double the money, prices double too. Did you learn nothing from history?

Did you learn nothing from economics? Obviously not. Increasing productivity means producing more product for the SAME cost therefore increasing profits or cutting prices or both. It has zero to do with inflation. Inflation is increasing the money supply in relation to goods and services.

bob2356 says

Did you learn nothing from economics? Obviously not. Increasing productivity means producing more product for the SAME cost therefore increasing profits or cutting prices or both. It has zero to do with inflation. Inflation is increasing the money supply in relation to goods and services.

You beat me to it. Fort Wayne evidently has some fundamental misunderstandings of economics and finance if he thinks that productivity is a function of the number of monetary units paid to laborers.

The productivity of workers has increased by a factor of four over the past half century. This has nothing to do with the money supply. But it is the reason why we are materially better off, as a whole, than we were in the 1950s. Unfortunately, as my reference shows, since the 1980s all increases in productivity have been siphoned from the wealth creators (workers) and given to the parasites (executives and owners).

Dan8267 says

You beat me to it. Fort Wayne evidently has some fundamental misunderstandings of economics and finance if he thinks that productivity is a function of the number of monetary units paid to laborers.

In this post Dan's name is "the pot".

If you're going to try to insult someone either
a. Do it creatively
b. Do it seriously and then support the insult with a good reason

You fail consistently at both.

bob2356 says

Did you learn nothing from economics? Obviously not. Increasing productivity means producing more product for the SAME cost therefore increasing profits or cutting prices or both. It has zero to do with inflation. Inflation is increasing the money supply in relation to goods and services.

What do you think will happen when there is double the money?

Houses went from single income to dual income requirement these days in places where both adults work. It ain't much of a secret. You boys read something in textbook and completely fail to understand it in life, especially when it doesn't fit the liberal ideology.

FortWayne says

liberal ideology.

You don't know what the liberal ideology is, even though I've told you point blank dozens of time. Conservatives are just too stupid to learn.