*Opinion* What comes first, supply or demand?

You brought it up.

 

yes and you presented no evidence about war coming between USA and China.

 

Until you asked me too, and then I did.
And then you got butt sore and didn't want to talk about it any more.

Now you are in denial. Nevermind. You'll live.

So depression can be part of the causes for war. Public spending sprees on military to boost economy in Keynsian style.
Aquisition of new trade zones, fisheries etc. Expansionism.
Sanctions over critical resources, oil supply for example provoked Japan in WW2.
Protectionism.
Debt default.

All factors in the last one, all will be factors in the next one too I expect.
These parallels exist.

 

I didn't say that's the only reason that banks charge interest.

This line of debate started because Ndividual asked something like if you were going to hold $40k dollars or $40k in gold for forty years, which would you choose? I responded by asking if you borrowed $40k for 40 years and had to repay it, would you rather owe $40k dollars or 40k in gold?

I wasn't just pointing out that dollars decrease in value over time, but gold can be extremely volatile. It's hard to know the buying power of $40k in gold in 40 years. It makes long-term loans in gold very risky. Remember, it's the rate of change that destabilizes markets, not just the fact that they change.

When I invest for my retirement I'm planning on 2% inflation per year and I adjust my savings accordingly you can't do that with gold.

 

That, is a very excellent point.

 

its also econ 101 class one day one. Is there a larger subject here?

 

China hasn't adopted freedom. That's a ridiculous comment. You should be referring to other tiger economies where economic freedom has been a central outcome. Of course that would be inconvenient for your dogma, given all tiger economies are reliant on industrial policy (i.e. government interventionism create capitalist markets)

 

yes, China after starving 60 million to death with libcommieism listened to Adam Smith and Milton Friedman. They switched to capitalism and instantly eliminated 40% of the
world's poverty.

 

If you think China is 'free' then there is no hope for you.

 

what a surprise the libcommie now has 113 govt interventions in the economy one of which is industrial policy. Sort of like Obama's green jobs of the future that were going to pull us out of the recession caused by libcommie Fan/Fred industrial policy for the housing market!!!

 

China switched to capitalism in 1980. Its been in all the papers!

 

This is random rant to what I said: all tiger economies are reliant on interventionism.

 

That you don't see the lack of freedom in China is probably a godsend to those in the US who want autocracy.

 

our subject is China instantly eliminating 40% of the entire world's poverty when it switched to capitalism. You lost once again so you are dodging. Are you fooling yourself?

 

I just find it amusing that you support a dictatorship. Sorry. It is funny.

 

what you mean is they do well despite libcommie govt intervention but would do far better without it

 

If I said I supported dictatorship I will you $10,000. Bet? Do you know what a strawman is?

 

You cheer China which is a dictatorship. How many times are you going to use "I bets you" to avoid the stupidity of your argument?

 

I cheer the elimination of libcommieism and 40% of the entire planets poverty. Simply enough for you?

 

You cheer a dictatorship. That is stupidity. Linking it with Friedman and co, given the links with previous human rights abuses, does ring true mind you!

 

I cheer the switch to capitalism in China which prevented another 60 million from slowly starving to death under libcommieism

 

So you don't care that they are a dictatorship and have further restricted freedom? Wow, thanks for your honesty. Its typically difficult to get 'free market' lovers to actually admit they celebrate human rights abuses

 

human rights abuses? like when libcommieism in China slowly starved 60 million to death?

 

switching to Republican capitalism and saving another 60 million from slowly starving to death and ushering 600 million from death's door into the middle class is restricting freedom?

 

There's no such thing as republican capitalism. Why do you think you can support dictatorship by making up term? Its not just ridiculous, you show contempt for human rights.