You seem to be very anti-capitalist. Maybe I'm reading you wrong.
If production rate is flat while demand is growing, you get a supply crunch. Buyers bid up the price, and sellers make out like bandits.
Yes, this is how it works. It's also called the law of supply and demand. When demand is high the price goes up. This will signal to other suppliers that this is a good market to enter. More supply will satisfy demand and prices will go down. A free market works like this. Now in a controlled economy the government sets the price. There is no signal to other suppliers and shortages abound. Why do you think communist economies are so poor?
Why should the gap between rich and poor matter? Who cares? You're just saying that aren't you? You haven't really thought it through, right? It's just thrown in. Are the rich taking the money from the poor? No that can't be it, the poor have no money. The rich are keeping the poor poor? Why should they? The rich probably are more interested in working hard to make money from other rich people.
I feel like I might be channeling Milton today. Look, a no-bid contract has nothing to do with free markets. A no-bid contract is a government instrument. Also, Dick Cheney doesn't work for Halliburton anymore. He's the vice president if you didn't know.
By the way, when America owes China additional trillions of dollars, what are the Americans going to do for money to buy the oil that China is wanting to buy for themselves?
Great post on oil drilling but your economics is flawed. There's a trade deficit with China not a budget deficit. We're buying more from China than they buy from us. We don't owe them anything. See that's how trade works. Two parties agree to exchange money for services. We give them dollars and they give us stuff.
In one year man produces orders of magnitude more pollutants through the burning of fossil fuels than was done in those two months
Are you sure about that? And besides, if you're going to compare our pollution with Mt. Tamboras then shouldn't we have global cooling?
What do you mean "get over ourselves?", You're the one thinking that man has the power to influence the climate.
Slashdot Mirror
Why should the gap between rich and poor matter? Who cares? You're just saying that aren't you? You haven't really thought it through, right? It's just thrown in. Are the rich taking the money from the poor? No that can't be it, the poor have no money. The rich are keeping the poor poor? Why should they? The rich probably are more interested in working hard to make money from other rich people.
I feel like I might be channeling Milton today. Look, a no-bid contract has nothing to do with free markets. A no-bid contract is a government instrument. Also, Dick Cheney doesn't work for Halliburton anymore. He's the vice president if you didn't know.
By the way, when America owes China additional trillions of dollars, what are the Americans going to do for money to buy the oil that China is wanting to buy for themselves?
Great post on oil drilling but your economics is flawed. There's a trade deficit with China not a budget deficit. We're buying more from China than they buy from us. We don't owe them anything. See that's how trade works. Two parties agree to exchange money for services. We give them dollars and they give us stuff.