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  1. #31
    Senior Member Lateralus's Avatar
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    Quote Originally Posted by Geoff View Post
    Only for those who produce. Parasitic service industries just follow the curve up and down, either way (and don't I know it!)
    This is incorrect.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  2. #32
    Lallygag Moderator Geoff's Avatar
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    Quote Originally Posted by Lateralus View Post
    This is incorrect.
    Oh go on surprise me, agree with something for once.

  3. #33
    Senior Member Lateralus's Avatar
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    Quote Originally Posted by Geoff View Post
    Oh go on surprise me, agree with something for once.
    Whether a company produces something tangible or performs services is irrelevant.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

  4. #34
    Senior Member ptgatsby's Avatar
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    Quote Originally Posted by Lateralus View Post
    Inflation allows a higher level of inefficiency while deflation has the opposite effect. Companies that survive a period of deflation are better for it.
    Humans that survive a plague are better for it too, but that doesn't mean that the economy is better for it. Although, growth after a plague is pretty high. It's the same as deflation. Wipe out wealth, etc. and then have under-capacity, and when the economy rebounds, whooo!

    Unfortunately, what you say isn't quite correct. Inflation doesn't allow any company to exist inefficiently. That's a relative term between companies. Inflation simply doesn't carry through in that way. People are either buying or not, profitable or not, etc. Inflation affects the aggregate demand of the goods and services, if anything. Bailouts aside, of course

  5. #35
    Senior Member Lateralus's Avatar
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    Quote Originally Posted by ptgatsby View Post
    Humans that survive a plague are better for it too, but that doesn't mean that the economy is better for it. Although, growth after a plague is pretty high. It's the same as deflation. Wipe out wealth, etc. and then have under-capacity, and when the economy rebounds, whooo!
    Now you're talking about something more philosophical. Whether or not that is "better" is a subjective interpretation.

    Unfortunately, what you say isn't quite correct. Inflation doesn't allow any company to exist inefficiently. That's a relative term between companies. Inflation simply doesn't carry through in that way. People are either buying or not, profitable or not, etc. Inflation affects the aggregate demand of the goods and services, if anything. Bailouts aside, of course
    But inflation does allow companies to operate less efficiently, just as deflation forces companies to operate more efficiently.
    "We grow up thinking that beliefs are something to be proud of, but they're really nothing but opinions one refuses to reconsider. Beliefs are easy. The stronger your beliefs are, the less open you are to growth and wisdom, because "strength of belief" is only the intensity with which you resist questioning yourself. As soon as you are proud of a belief, as soon as you think it adds something to who you are, then you've made it a part of your ego."

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