Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: newgeezer

Some people have a great capacity to make something simple sound very complicated and then assume an air of superiority when others fail to comprehend their gobbledygook. I don't pay them much attention anymore. VRWCmember falls in this category. Of course price does not affect demand it is just that fulfilled demand becomes unfulfilled demand or some such. Lordy, I still wants it, I jist don't be gittin' it no mo'!!


26 posted on 06/26/2006 1:22:46 PM PDT by RipSawyer (Does anybody still believe this is a free country?)
[ Post Reply | Private Reply | To 23 | View Replies ]


To: RipSawyer

It is generally considered good etiquette if you are going to talk about someone in a post to ping that person to the post. The difference between demand and quantity demanded is fairly simple, yet for some reason misunderstood. It is also a critical distinction if one is to understand the law of demand and how it relates to price. I believe that part of the reason that it is so misunderstood is because it is so often misrepresented in the media by ignorant reporters whose editors are also to ignorant to catch their errors. That is one reason that when I see a reference to changing prices causing a change in demand I try to point out the error of that statement. That is not gobbledygook, but is in fact simple economic truth. Thanks for your contribution to the discussion. In fact, I'm sure your "I jist don't be gittin' it no mo'" illustration cleared it up for anybody who was still confused. Dr. Thomas Sowell and Dr. Walter Williams couldn't have said it any better.


29 posted on 06/27/2006 6:14:12 AM PDT by VRWCmember
[ Post Reply | Private Reply | To 26 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson