Goddamn GeniusBoy, what fucking point are you trying to prove? What the fuck is wrong with your brain?

12/5/2012 12:52:09 PM

And now we're starting to see why my professors are professors, and GXB is not.

[Edited on December 5, 2012 at 12:52 PM. Reason : .]

12/5/2012 12:52:22 PM

The point I'm proving is that the posters in this thread don't have the mathematical credibility to back up their solutions to the fiscal cliff.

12/5/2012 12:53:30 PM

but you think that you do? why?

12/5/2012 12:54:27 PM

You don't have the mathematical ability to back up anything you say at all. You just say things and tell people to prove you wrong. That's not how things work. If you assert something, you need to be able to back it up.

[Edited on December 5, 2012 at 12:55 PM. Reason : ]

12/5/2012 12:54:38 PM

i mean, this is getting ridiculous.

12/5/2012 12:55:24 PM

"Getting"

12/5/2012 12:55:57 PM

You have 100% no credibility that you know anything about my credibility.

I, on the other hand, have proven that you all have no credibility until someone can answer the simple question.

12/5/2012 12:56:46 PM

Dude, you are crazy.

12/5/2012 12:57:57 PM

Quote :

"i mean, this is getting ridiculous."

You guys need to take some responsibility for this. Stop indulging him. Stop replying to him. Stop acknowledging his existence.

12/5/2012 12:58:19 PM

I have proven that you, too, have no credibility because you, too, couldn't answer the question

12/5/2012 12:58:20 PM

You have a real problem with understanding differences... like the difference between won't and can't

12/5/2012 12:59:18 PM

so you can but won't, but applying that to anyone else and they would but can't

makes total sense

12/5/2012 1:03:14 PM

There are rules and order to follow. I posed the first question.

Answer it or surrender.

When everyone surrenders, then I'll tell you the answer.

12/5/2012 1:08:37 PM

okay, we surrender. Please show us the graph

12/5/2012 1:10:44 PM

12/5/2012 1:17:41 PM

Yes we surrender, show the graph. Also show your work, particularly how you worked liquidity preference in.

12/5/2012 1:17:51 PM

Ah, question, professor. Why does the relationship appear quadratic, and not linear? Or is the x axis on a logarithmic scale? What are the units?

[Edited on December 5, 2012 at 1:19 PM. Reason : .]

12/5/2012 1:18:58 PM

Is that a step function? It does not appear smooth.

[Edited on December 5, 2012 at 1:21 PM. Reason : Did your professors never make you show your work or cite your sources?]

12/5/2012 1:20:56 PM

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

Quote :

"Answer it or surrender. When everyone surrenders, then I'll tell you the answer."

12/5/2012 1:21:17 PM

That's a pretty sloppy graph, he probably got terrible grades on lab reports

[Edited on December 5, 2012 at 1:24 PM. Reason : or would have, if he didn't drop out]

12/5/2012 1:24:19 PM

Z = number of dollars printed
P = Population

Z has to be dispersed over P. Therefore Z =/= Z and it can't be linear unless population grows at the same rate as money. But we know money is printed faster than the growth of people.

Since the amount of money each person owns is smaller than Z, then the amount of money each person has will always be a slower and smaller number than the number of bills being printed.


When x approaches infinity, y will be a smaller growing infinity, but will become infinity nonetheless.
Therefore when everyone has infinite money in their pockets, it would take an infinite amount of money to buy something because people wouldn't sell anything if you already have all the money that can be conceived.

12/5/2012 1:24:47 PM

Z isn't dispersed over population, it's dispersed over the net goods and services in the economy. That's how money works, it represents goods and services, not people. And you still haven't said a word about liquidity preference.

[Edited on December 5, 2012 at 1:26 PM. Reason : .]

12/5/2012 1:26:16 PM

What axis is Z and P on your graph?

12/5/2012 1:26:18 PM

Quote :

"Z isn't dispersed over population, it's dispersed over the net goods and services in the economy. That's how money works, it represents goods and services, not people. And you still haven't said a word about liquidity preference."

goods and services don't own money.
goods and services don't spend money.
people set prices of goods and services.

12/5/2012 1:32:14 PM

Quote :

"goods and services don't own money. goods and services don't spend money."

Corporations are people?

12/5/2012 1:34:39 PM

Quote :

"people set prices of goods and services."

Yeah, inseparably based in part on the supply of those goods and services.

As the supply of goods and services changes, so do the prices people "set" on them.

It's almost as though there are more variables in the "price of goods" than the money supply.

[Edited on December 5, 2012 at 1:40 PM. Reason : .]

12/5/2012 1:38:57 PM

Perhaps you can answer your own question if I pose another question...


If everyone had infinity amount of dollars, how much would the price of goods and services be?

12/5/2012 1:45:08 PM

What does population have to do with the original problem? You're moving goalposts. The relationship must be linear because you cant have something cost more money than exists and you can't have negative goods and services. As things do not have to be asymptotic as the approach infinity, for example the function that actually represents your original problem: f(x)=x. This function approaches infinity on both x and y axis, yet does not look like f(x)=x*x. If you think it should, then explain to me why printing 1 extra dollar makes the price of goods go up at a multiple of the current dollars in existence rather than making the price of goods go up 1 dollar.

12/5/2012 1:47:51 PM

Quote :

"What does population have to do with the original problem? You're moving goalposts. "

The population isn't part of the problem, it's part of the explanation.

12/5/2012 1:49:49 PM

Quote :

"If everyone had infinity amount of dollars, how much would the price of goods and services be?"

If pigs had wings, how fast could they fly?

12/5/2012 1:52:02 PM

Quote :

"But we know money is printed faster than the growth of people."

Where is this explained in the problem? There is no way to know what relationship 'P' has with 'X' (or 'Z' as you inexplicably renamed it).

12/5/2012 1:56:02 PM

worst discussion about the fiscal cliff ever!!

12/5/2012 1:59:02 PM

You can't have a productive discussion on the fiscal cliff if everyone does not understand the basics of money.

Quote :

"Where is this explained in the problem? There is no way to know what relationship 'P' has with 'X' (or 'Z' as you inexplicably renamed it). "

Problems don't explain anything, explanations explain problems. In this case, the explanation with P answered a separate question. This is why I renamed the variables.

12/5/2012 2:02:58 PM

None of these graphs account for variable J, the Jewish agenda to enslave humanity.

12/5/2012 2:09:12 PM

You were annoying before, now you're getting real annoying, acting all arrogant like somehow you're the only one who understands math, and answering every questions with a question of your own

12/5/2012 2:09:35 PM

Self reflection.


Do it sometime.

12/5/2012 2:10:53 PM

Seriously, i'm being serious. What is wrong with you? Are you trolling, or is something wrong with you?

12/5/2012 2:11:33 PM

^^

12/5/2012 2:11:53 PM

^^?

12/5/2012 2:12:59 PM

12/5/2012 2:13:31 PM

Quote :

"Self reflection. Do it sometime."

It's pretty evident that you haven't taken your own advice. When everyone disagrees with or dislikes you, the odds are pretty low that the problem lies with them.

12/5/2012 2:15:30 PM

Majority is always right

12/5/2012 2:16:19 PM

Quote :

"If everyone had infinity amount of dollars, how much would the price of goods and services be?"

If there are infinity goods and services, zero.

12/5/2012 2:17:27 PM

12/5/2012 2:17:42 PM

Quote :

""If everyone had infinity amount of dollars, how much would the price of goods and services be?" If there are infinity goods and services, zero. "

infinity divided by infinity does not equal zero.

12/5/2012 2:20:00 PM

Yeah I know, I'm just trying to point out the absurdity of your question:

"What is the price of something given [something about supply, with no mention of demand]"

Money is a commodity, just like goods, just like labor. It is subject to the laws of supply and demand. Your model of inflation only takes supply into account, and that's why it utterly fails to predict the outcomes of money supply increases.

12/5/2012 2:23:55 PM

When I use the concept of infinity in this problem, we are inserting "any number in the universe that's appropriately large enough" to prove an idea.

For instance: Infinity seems like an impossible amount of money. So replace that number with an real number, let us say... 1 googleplex. If you disperse 1 googleplex worth of money into the economy, the population with have a real amount of money. Same as if you disperse 2 googleplex of money or a Googleplex of googleplexes of money, which is still smaller than infinity. It is just more feasible to say infinite because you could use any number appropriately large to make the point.

Infinity is not entirely impossible if you give everyone a printing press to print their own money. While paper may be limited, the symbols on the paper can represent ever increasing amounts.

12/5/2012 2:40:07 PM

The Fed determines the supply of money.

The size of economy (among other factors) determines the demand for money.

You cannot determine inflation without knowledge of both.

[Edited on December 5, 2012 at 2:43 PM. Reason : Seriously man, supply + demand = price. ]

12/5/2012 2:43:03 PM

Also, it's googolplex, not googleplex.


[Edited on December 5, 2012 at 2:45 PM. Reason : The Googleplex is Google's corporate headquarters, it's a play on the word "googolplex"]

12/5/2012 2:44:09 PM