patrick.net

thunderlips11 says

Nah, not in the mood.

That's fine, just don't say that you put anything up but conjecture.

Once again for anyone who is not a mutt, 20+ years and 7+ year of Keynesian's trying to stimulate the economy, in Japan and the US, by trying to increase demand through monetary and fiscal means has been a complete failure.

Now the Wogster will come in with his usual blather 5,4,3,2,1

This explains a bit further regarding Say's law:

Because all movements between supplying and demanding have to take place through the medium of money, it is somewhat oversimplified to say that production is the source of demand. Actually demanding products requires the possession of money, which in turn requires a previous act of supply. We sell assets or labor services for money, which we then use to demand. Money is an intermediate good that enables us to buy the things we ultimately desire. However, we have to be careful to remember that what enables us to purchase is not the possession of money, per se, but the possession of productive assets that can fetch a money’s worth on the market. When we sell that asset (or our labor services) we receive wealth in the form of money. As we spend that money, we demand from the wealth our production created.

Unlike Keynesian critics of Say’s Law of Markets who saw deficient aggregate demand resulting from various forms of market failure as causing economic downturns, we have argued that a more accurate understanding of Say’s Law suggests that there is no inherent flaw in the market that leads to deficient aggregate demand, nor is the existence of real-world recessions a refutation of the Law. Rather, once we understand the role of money in making possible the translation of our productive powers of supply into the ability to demand from other producers, we can see that the root of macroeconomic disorder is most likely monetary, as too much or too little money will undermine that translation process. Despite having been dismissed in the onslaught of the Keynesian revolution, Say’s Law, when properly understood both in its original meaning and its relationship to the banking system, remains a powerful insight into the operations of a market economy.

If you can understand this, you are ahead of the mutts in understanding economics.
.
http://fee.org/freeman/understanding-says-law-of-markets/

You mutts are screwed now HE CAME WITH SAYS LAW!!!

errc says

You mutts are screwed now HE CAME WITH SAYS LAW!!!

Dammit errc tomorrow is a workday and you are still baked...

errc says

You mutts are screwed now HE CAME WITH SAYS LAW!!!

thunderlips11 says

Nah, not in the mood.

BTW your new avatar is the worst. No matter how hard Sanders tried to fuck things up he would be hard pressed to do a fraction of what that asshole did.

Say's law and Hayeks Triangle are sound principles.

And a day later:

www.youtube.com/embed/K8E_zMLCRNg

tatupu70 says

You're being ridiculous about Sanders--unlike Clinton, he hasn't moved left for the primaries. He's stayed true to himself

If you want to win Democratic nominee you have to go all the way to the left, Obama did it during primaries vs Clinton, Sanders is doing that too now.
Republican nominee requires you to go far right, Romney did it, now Trump is doing it.

I'm just saying, they learned the system. It's just a big dog and pony show. It'll be fun to watch them all come back to the center for general election after nomination.