This is a terrible example that makes no sense and has no correlation to the theoretical application.placebo effect where people think they can actually win something. maybe the government should put money (not a lot though since taxpayers wouldn't want their money inside a bottle underground) underground then.
The lotto is a good example, people still buy tickets every week despite having a very small chance to win.
xD
OK d00d.You say that so often moll, anyone would think you were the Chairman of the US Federal Reserve
But you're not
So shut up
verbose responseThis is a terrible example that makes no sense and has no correlation to the theoretical application.
no, the truth is that moll ought to respond to my fantastic post a few pages backlol but hes right
doesn't matter if its shit, truth is truth
Holy shit. Please stop talking. Both of you.
Neither of you have any fucking idea what you are talking about with reagrds to economics.
LOL!!!!!!!! i wish i could rep u 1000 more timesThe post that espoused the joys of socialism and how we can all be better off if we just work with the glorious revolution foremost in our thoughts?
Yeah, nah.
lol.your narrow-minded and ignorant posts regarding this thread demonstrate you're a fucktard who doesn't know anything about economics
free bankingread an Austrian school economics textbook please
rofl implying that JSM and Adam Smith weren't political economistslol.
Political economics isn't real economics.
He supported limited government.Adam smith promoted free market economics and 0 government intervention which is one of the corner stones of the Austrian school the very thing u just mocked?
and what about u?He supported limited government.
Did he support limited funkshen? I hope so.and what about u?
lol well i align myself more with Murrray rothbard but i do support the main things that they advocateHe supported limited government.
Sorry scuba steve I thought you read lots of economic literature/textbooks and knew a thing or two.
lol i mean what level of gov intervention do u support?Did he support limited funkshen? I hope so.
You're an economic William Wallace.lol well i align myself more with Murrray rothbard but i do support the main things that they advocate
limited to no government intervention
gold standard aka no central banking
and freedom