partial_accumen

At one time, it was a government promise to exchange for a certain amount of gold. After that became a limit on growth of a nation it becomes "fiat currency" which is simply a conceptual agreement of value to make the exchange of goods and services easier. This is your AMEX money.

What I'm hearing then is that Patel performed a drag show exiting the steps of the aircraft.

However, according to the report, the FBI director complained that “two areas on the upper sleeves did not have Velcro patches attached” and refused to leave the plane until those areas were patched, prompting agents to remove their own to loan to him.

So to Patel, the most important part of the job is the FBI cosplay.

The induction makes hot spots which are inconsistent across my larger cast iron pan, requiring me to rotate the pan or move food in the pan around to get everything evenly.

I can't say I've experienced this with my cast iron pan and induction range. Can I ask how big of a pan you're using?

A specific house may be bought up, but others will be available that are similar for substantially less in a deflationary market.

This is my problem with economics. You’re talking about theory and practice as if they’re the same thing.

Way back when, I used to sell computers and computer parts at retail. I assure you this was a regular conversation topic. "When is the Voodoo 4 graphics card coming out? 4 months? Okay I won't buy the older Voodoo 3 now because I can make do with my Nvidia TNT2 until then."

All consumers do not make perfectly rational choices.

No they don't, nor or do they need to if you're taking a macro view.

Hell, most don’t.

Are you saying:

• consumers NEVER make rational choices?
• consumers don't make 100% rational choices 100% of the time a choice is available?

I disagree with the former, but I agree with you on the latter. None of that invalidates micro or macro economic theory.

This kind of theory only explains how rich people want you to think things work. It’s not how things work in the real world.

Many rich people get rich because this works. They also play dirty tricks to create the situations, but then again in those situations the theory works.

I'll be the first to say economic theory is far from perfect and the deeper you go, the more complex, and potentially less reliable, it gets, but the basics are pretty sound.

It’s not like you can wait till next year to eat or have a place to live.

Eat? No waiting. Live? Sure! If prices were consistently falling because of deflation, and you knew renting for a year would allow you to buy a larger house with the exact same amount of money you hand in your hand, most would do that and rent for a bit.

Sounds good in theory, but I don’t think that holds up in practice. For example, computers getting more affordable and powerful year by year didn’t stop people from buying them.

It absolutely delay people buying. If you held out for 6 more months, you'd get a substantially faster computer. Thats the second variable you're introducing with this example. If your current computer was "fast enough" you'd wait, and people did.

It would be interesting to see the Canadian traffic by provincial origin. I'm guessing the difference between, say, Newfies and Albertans is pretty different.

So he's going to deport Elon, right?

The half human-wook child grows up vengeful that their parents were both throwaways by their respective leadership. The child becomes the next emperor and destroys the Federation.

Do you want to attract wasps? Thats how you attract wasps.