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1. 御園はくい (hakui@freezepeach.xyz)'s status on Tuesday, 20-Feb-2018 04:49:41 UTC 御園はくい
   "if a statistician determines that a rise of 10 per cent in the supply of potatoes in atlantis at a definite time was followed by a fall of 8 per cent in the price, he does not establish anything about what happened or may happen with a change in the supply of potatoes in another country or at another time. he has not 'measured' the 'elasticity of demand' of potatoes. he has established a unique and individual historical fact."
   
   the law of supply doesn't real guys it's all a bunch of coincidental anedotes you can't learn economics go home and just make sure you don't violate the NAP
   • 御園はくい (hakui@freezepeach.xyz)'s status on Tuesday, 20-Feb-2018 04:54:06 UTC 御園はくい

     in reply to
     just define all of your edge cases out of scope fam
   • 御園はくい (hakui@freezepeach.xyz)'s status on Tuesday, 20-Feb-2018 05:13:35 UTC 御園はくい

     in reply to
     "if the government increases the money supply the sectors which the government spends on will have their prices increase first, then the sectors on which the first group spends on will have their prices increase. hence the first group gets to take advantage that the price of what they're outputting is higher while the price of what they consume hasn't increased yet"
     
     yessir because people are thoroughly reactive and speculation is entirely alien to them
   • 御園はくい (hakui@freezepeach.xyz)'s status on Tuesday, 20-Feb-2018 06:29:13 UTC 御園はくい

     in reply to
     "in fact, economic history is a long record of government policies that failed because they were designed with a bold disregard for the laws of economics."
     such as using a commodity for your money, or letting merchants control the issuing of your money supply
   • ᛞᚩᚳᛁᛞᚩᚳᛁ (dokidoki@gs.smuglo.li)'s status on Tuesday, 20-Feb-2018 07:10:57 UTC ᛞᚩᚳᛁᛞᚩᚳᛁ

     in reply to
     @hakui Austrian economics: Economics is a lie and nothing can be learned that could be brooked to foretell things. Also buy our books on the sundry workings of economics.
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