Re: Activists take Al Gore to task on his diet

On Sep 20, 12:50 pm, drydem <walter_...@my-deja.com> wrote:
> > Well then prices will go up which should curb consumption.
>
> When cost go up if an economic equilibrium is not reestablished,
> consumption may disappear.  Economic change can destroy the
> socio-economic-political institutions/markets/agencies/systems
> when the change is greater than their ability to adapt.

What are you talking about?

> One of the most common marketing/economic mistakes (made
> by Supply-Side Economic Advocates) is to assume that a
> market or an economic system is infinitely elastic and adaptable.

Huh? What does what I said have to do with any of this? I'm not even a
supply side economist guy so you sound like a nut to me.

> Keynesian economics - the child of the great depression -
> was developed because the risk and cost of an market or
> economic  system collapse was  considered too great.

Great... again, this has no bearing on what I said.

It's a well known fact that when the real price of something goes up
then they will generally consume less of it, all other things being
equal. Nothing supply-side about it.

> A example of how keynesian[1] vs supple side economics[2]
> forces plays in today's news is the recent collapse of
> the subprime rate in the USA[3]. The collapse was due
> to inflationary forces, lower employment/economic growth,
> and a previous trend in riskier financial/banking practices.
> One of its consequences was a larger than normal
> mortagage defaults and less financial solvancy within
> the financial industry.  The risk to large mortgage
> companies like Countrywide Mortgage were hanging
> in the balance.

What does this have to do with what I posted?

> [1]http://en.wikipedia.org/wiki/Keynesian
> [2]http://en.wikipedia.org/wiki/Supply_side
> [3]http://en.wikipedia.org/wiki/2007_Subprime_mortgage_financial_crisis


Using Wikipedia as a source for anything, especially economic or
political issues, is foolish.
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