One man's treasure is another man's trash

Off Topic » in reply to Value is often an illusion.

BuckGalaxy — 12/22/2022 10:58:20 PM (archived)

As long as there is some demand for something from someone or somewhere, it has value. But even if there is no demand/value, S&D still applies. If the demand is zero then the supply will be worthless no matter how abundant or scarce.

The whole thread (75 posts)

What's the big deal about rate hikes? - RobVG - 12/15/2022 12:29:03 AM
- Contrary to popular belief... - ER - 12/15/2022 4:02:04 AM
  - Wow - BuckGalaxy - 12/22/2022 12:40:34 AM
    - podinium - podrock - 12/22/2022 4:34:12 AM
      - podinium is basically worthless - podrock - 12/22/2022 4:49:10 AM
        
        Your point? - BuckGalaxy - 12/22/2022 5:09:08 AM
        
        My point. - podrock - 12/22/2022 5:22:48 AM
        
        If something has no value it's demand is zero, according to the Law of S&D. - BuckGalaxy - 12/22/2022 5:39:02 AM
        
        Value is often an illusion. - podrock - 12/22/2022 9:01:00 PM
        
        One man's treasure is another man's trash - BuckGalaxy - 12/22/2022 10:58:20 PM
        
        Demand can be created, is what I am saying. - podrock - 12/23/2022 1:31:42 AM
        
        and what I'm saying is that doesn't matter - BuckGalaxy - 12/24/2022 1:56:26 AM
        
        Only it does matter - podrock - 12/24/2022 4:59:49 AM
        
        Where you are right - BuckGalaxy - 12/24/2022 7:51:29 AM
        
        Name ANY variable and I'll explain how it fits into eIther supply or demand - BuckGalaxy - 12/24/2022 7:19:38 AM
        
        Greed. Morality. Ponzi schemes. Tax free church collection plates. - podrock - 12/24/2022 8:32:26 PM
        
        epipen cost, etc - BuckGalaxy - 12/25/2022 12:08:32 AM
        
        Here's the thing about the epipen - podrock - 12/25/2022 1:28:52 AM
        
        It's a simplification BUT - BuckGalaxy - 12/24/2022 6:54:21 AM
        
        If value is assigned it exists. - BuckGalaxy - 12/22/2022 5:32:04 AM
        
        Assigned? By whom? - podrock - 12/22/2022 9:03:21 PM
        
        by whoever wants it - BuckGalaxy - 12/22/2022 11:00:37 PM
    - Economics is not physics - ER - 12/22/2022 3:19:56 AM
    - In your defense - BuckGalaxy - 12/22/2022 3:05:57 AM
      - We've covered this before, but you refused to accept it. - ER - 12/22/2022 3:36:54 AM
        
        As for ice cream... - BuckGalaxy - 12/22/2022 5:48:05 AM
        
        You get it right? - BuckGalaxy - 12/22/2022 6:20:07 AM
        
        Sorry if I'm coming across as a dick - BuckGalaxy - 12/22/2022 5:10:14 PM
        
        No offense taken. I'm having fun. - ER - 12/22/2022 5:36:01 PM
        
        Free market fundamentalists... - BuckGalaxy - 12/22/2022 5:50:49 PM
        
        Now you're making sense. - ER - 12/22/2022 5:52:39 PM
        
        No - BuckGalaxy - 12/22/2022 6:02:47 PM
        
        "Naturally move to where demand wants them" - podrock - 12/22/2022 8:45:39 PM
        
        Please research this - BuckGalaxy - 12/22/2022 11:10:09 PM
        
        Example: Pet Rocks. - podrock - 12/23/2022 2:45:35 AM
        
        The reason they want it is irrelevant. - BuckGalaxy - 12/24/2022 1:45:43 AM
        
        Goods do not naturally flow to demand. - podrock - 12/23/2022 1:30:49 AM
        
        That's like saying water doesn't flow downhill - BuckGalaxy - 12/24/2022 1:39:29 AM
        
        Have you ever read "Cryptonomicon" by Stephenson? - podrock - 12/24/2022 9:47:12 PM
        
        The biggest disruption - ER - 12/22/2022 6:10:14 PM
        
        Human desires are part of natural law - BuckGalaxy - 12/22/2022 6:17:05 PM
        
        Smith also recognized the need for regulation. - podrock - 12/22/2022 9:06:35 PM
        
        And because - BuckGalaxy - 12/22/2022 11:00:02 PM
        
        Devolve? - podrock - 12/23/2022 1:34:22 AM
        
        A true free market fundamentalist... - BuckGalaxy - 12/24/2022 1:55:16 AM
        
        PS: We don't have money. We have currency. - podrock - 12/24/2022 10:24:27 PM
        
        I did read a college economic textbook once. - ER - 12/22/2022 5:40:41 PM
        
        Marxism is a system to change outcomes - BuckGalaxy - 12/22/2022 5:56:07 PM
        
        Your idea of what Marxism is - ER - 12/22/2022 6:05:35 PM
        
        I took political economy in my Senior year from a marxist - BuckGalaxy - 12/22/2022 7:58:23 PM
        
        Look around you - BuckGalaxy - 12/22/2022 8:06:23 PM
        
        Don't get misty on us, Buck. - ER - 12/22/2022 9:16:51 PM
        
        Any sensible person believes Capitalism needs rules - BuckGalaxy - 12/22/2022 10:54:36 PM
        
        Did your Marxist professor tell you about the Anarchists? - ER - 12/22/2022 9:58:44 PM
        
        Once again. - BuckGalaxy - 12/22/2022 10:50:50 PM
        
        100% - podrock - 12/22/2022 9:24:05 PM
        
        OMFG this is frustrating - BuckGalaxy - 12/22/2022 5:28:46 AM
        
        Yes, it is. - podrock - 12/22/2022 9:21:38 PM
        
        sigh - BuckGalaxy - 12/22/2022 11:15:23 PM
        
        Its frustrating because we're talking about two different things. - ER - 12/22/2022 5:30:21 PM
        
        We're getting somewhere - BuckGalaxy - 12/22/2022 11:27:27 PM
        
        No, what I'm saying is... - ER - 12/23/2022 1:48:51 AM
        
        Honestly - BuckGalaxy - 12/24/2022 6:28:44 AM
        
        I withdraw my emoji. - ER - 12/24/2022 1:25:51 PM
        
        S&D and Human Behavior - BuckGalaxy - 12/24/2022 7:55:55 PM
        
        And a happy season to you too. - podrock - 12/24/2022 10:03:24 PM
        
        Likewise brother! - BuckGalaxy - 12/25/2022 12:16:53 AM
        
        Business ethics is an oxymoron. - ER - 12/24/2022 8:16:09 PM
        
        Corporate Philanthropy - BuckGalaxy - 12/24/2022 11:33:35 PM
        
        Its all about public relations and misdirection. - ER - 12/25/2022 12:31:50 AM
        
        (nicely played, by the way, given the day.) - podrock - 12/25/2022 2:09:20 AM
        
        And tax breaks. - podrock - 12/25/2022 1:41:45 AM
        
        "you are terrified I might be right" - BuckGalaxy - 12/24/2022 2:07:54 AM
        
        Star's burning hydrogen - BuckGalaxy - 12/22/2022 6:02:04 AM
- 1980 - podrock - 12/15/2022 1:16:29 AM

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