tag:blogger.com,1999:blog-2882164053150608986.post363505101901818910..comments2023-10-11T15:21:48.457+02:00Comments on Foolish Perspective: EquilibriumThe Foolhttp://www.blogger.com/profile/13448467644633990105noreply@blogger.comBlogger15125tag:blogger.com,1999:blog-2882164053150608986.post-10181261246762684942012-01-29T08:49:49.701+02:002012-01-29T08:49:49.701+02:00Hmm. Extending credit is not a problem, doing so i...Hmm. Extending credit is not a problem, doing so indefinitely and holding such credit as a reserve is. Credit is suppose to imply a period within which such credit will be repaid in real terms.<br /><br />I don't recall making the claim of being a pro in economics. <br /><br />I fact I claim to be just a fool. :PThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-48636592695005617032012-01-28T21:27:56.165+02:002012-01-28T21:27:56.165+02:00dont put words in my mouth I didnt say.
My thesis ...dont put words in my mouth I didnt say.<br />My thesis had been: "An unbalance is only introducted once a party gives credit to the other party"<br />is this true yes or no? (no matter if this is what you where "aiming" to talk about or not). If you are claiming to be a PRO on economics, you should also be careful on how you formulate something.<br /><br />When we talk about "balances" (and with this great phrase it is _you_ who started your post :P) you would want to take a look at how the Hanse used to do trade: Everybody was happy after the trade, no unbalance, always settled before the ships left the habour.<br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-1947086518740782432012-01-27T22:33:07.616+02:002012-01-27T22:33:07.616+02:00I suppose he did, though that is of course not tru...I suppose he did, though that is of course not true.<br /><br />I simply removed the monetary plane for consideration from this post as it simply confuses things...that is not to say it is not relevant. :PThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-545619407034225612012-01-27T22:25:11.809+02:002012-01-27T22:25:11.809+02:00"without the monetary plane there will never ..."without the monetary plane there will never be an unbalanced trade."<br /><br />Did he just say "Freefish runs bartertown"?Peterhttps://www.blogger.com/profile/14462392045836817708noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-15527003090854304502012-01-27T22:21:17.830+02:002012-01-27T22:21:17.830+02:00I dunno that AD he sure does talk kinda funny, but...I dunno that AD he sure does talk kinda funny, but I feel like I heard him before and his voice was different. Probably just at another forum somewhere. Perhaps he had a cold.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-80075374137322475822012-01-27T16:20:03.576+02:002012-01-27T16:20:03.576+02:00:D:DThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-44053587149899702502012-01-27T16:12:59.240+02:002012-01-27T16:12:59.240+02:00AD
I am sorry. I forget at times that others are ...AD<br /><br />I am sorry. I forget at times that others are not familiar with all the basic economic concepts I am. That is a flaw on my part.<br /><br />Peace<br /><br />TFThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-66131716866259567152012-01-27T15:59:45.042+02:002012-01-27T15:59:45.042+02:00okay, got you.
maybe it would have been easier to...okay, got you.<br /><br />maybe it would have been easier to post the following link in the first place, so I would not have been so confused and posing dumb questions (okay okay my fault, but that's what we are here, to ask questions, yes?):<br />http://en.wikipedia.org/wiki/Marginal_utility<br /><br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-51499950539552724782012-01-27T07:19:16.742+02:002012-01-27T07:19:16.742+02:00Hi AD
I understand your point, though it has very...Hi AD<br /><br />I understand your point, though it has very little to do with this post.<br /><br />Consider it this way for the second graph. When the red and black lines intersect, there is a temporary equilibrium in the flow of any one good. When the red line is above the black line, the good is flowing one way and when it is below the black line the good is flowing the other way. <br /><br />At the intersections the value judgments about a good of two regions are synchronized. When above or below, one region or the other values the good more.<br /><br />Now extend that concept to make the graph represent all goods.<br /><br />These graphs were merely intended as conceptual aids, hence my lack of comment on them.<br /><br />TFThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-83365476266245281632012-01-27T03:18:06.071+02:002012-01-27T03:18:06.071+02:00http://www.youtube.com/watch?v=TrSWNvHD1R8&fea...http://www.youtube.com/watch?v=TrSWNvHD1R8&feature=relatedNickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-2769598655869579702012-01-27T00:52:49.604+02:002012-01-27T00:52:49.604+02:00okay, got your point (you got mine as well?).
In t...okay, got your point (you got mine as well?).<br />In that case I would like to ask you, what is the exact unit on the Y-axis, when fisher and farmer trading fish and wheat? See, you are writing that you dont want to bring it to the monetary plane, but without the monetary plane there will never be an unbalanced trade. Sure, we can say that the weight ratio of fish and wheat might vary, but still after the win-win-trade it is still balanced.<br />I got an idea, how about that: An unbalance is only introducted once a party gives credit to the other party? <br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-39209619464152219782012-01-27T00:17:05.829+02:002012-01-27T00:17:05.829+02:00AD
Err what are you talking about?
Please don&#...AD<br /><br />Err what are you talking about? <br /><br />Please don't put words in my mouth.<br /><br />I was talking about the value that things have to people. As in your fisherman might like to eat fish, or then again he may prefer a lamb-chop more.<br /><br />TFThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-3035534290998937372012-01-27T00:04:28.356+02:002012-01-27T00:04:28.356+02:00Hi MF,
nice to see a new post. What's about th...Hi MF,<br />nice to see a new post. What's about the human factor in time? I have the impression that you only see it through a technical lense, but neglect the human bias (one of the issues I always like to point out) ;)<br />Let me show you: A man learnt from his farther to fish. He goes out to fish, to feed his family and hopefully can trade some extra fish to his neighbor, who's a farmer, that learnt his business as well from his farther.<br />Now tell me: If he fishes more or less, or the farmer harvests more or less, do you thing that showing them your chart, will make them change their profession month by month to fits the equilibrium?<br /><br />Greets, ADAdvocatusDiabolihttps://www.blogger.com/profile/05290930478826481037noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-89665375122280240692012-01-26T22:39:04.516+02:002012-01-26T22:39:04.516+02:00Hi NS
Sure, that would be another analogy for the...Hi NS<br /><br />Sure, that would be another analogy for the first part, from an engineering perspective.<br /><br />I'm glad you liked it. :)<br /><br />TFThe Foolhttps://www.blogger.com/profile/13448467644633990105noreply@blogger.comtag:blogger.com,1999:blog-2882164053150608986.post-87989442666594859942012-01-26T21:36:56.861+02:002012-01-26T21:36:56.861+02:00Interesting and thought provoking. Another analog...Interesting and thought provoking. Another analogy might be a PID control loop used in HVAC.Nickelsaverhttps://www.blogger.com/profile/17252539946241943478noreply@blogger.com