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8447458 No.8447458 [Reply] [Original]

i have a mock AP Macroconomics exam tomorrow thats worth 20% of my grade

give me your best economics wisdom, /biz/

>> No.8447471

>>8447458
the world is divided into people who know gold is money and people who don't

>> No.8447478
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8447478

>>8447458
Joobilation 20-Apr-2018

Pretty much sums it all up anon.

You'll get 110% just for mentioning the inevitable.

>> No.8447481

>>8447458
(((This))) isn't a meme

>> No.8447482

BUY HIGH
SELL
FUCKING
LOW

>> No.8447490

>>8447458
Read Kapital in preparation for your Micro mock.

>> No.8447493

>>8447458
solve the oracle problem

>> No.8447501

>>8447458
gold is money all else is credit

>> No.8447510

>>8447490
kek the class will be over by the time i get through that brick
ill make do with the communist manifesto

>> No.8447512

>>8447458
The people who grade the AP Macroeconomics test ar Keneysians so be sure to butter their balls on the written portions even if you think it's bullshit.

t. Got a 5 on my AP Macroecon test

>> No.8447525

>>8447458
Inflation is a way for the banks to slowly steal your money.

>> No.8447531

>>8447512
*Keynesians

>> No.8447532

>>8447512
you know i always wonder whether to write about sticky wages/market fixing itself or not

>> No.8447551

You can remember what line is which in a supply and demand graph by remebering that demand and down both start with d.

>> No.8447570

>>8447510
Communist manifesto is shit, don't waste your time with that. I wasn't joking when I said read Kapital, it is an excellent critique of capitalism.

>>8447512
This 100%.

>>8447525
And this too.

Good luck lad.

>> No.8447598

>>8447525
soooo if inflation is a way to get your money, is monetary policy all (((their))) tricks?

>>8447551
thats basic, if you dont know which line is supply and which is demand, you are kinda fucked

>>8447570
thanks, anon <3

>> No.8447601

>>8447458
Be me just graduated last summer with a 4.0 in economcis

Can't even remember anything

>> No.8447621
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8447621

>>8447458
Everything is Jews.

>> No.8447633
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8447633

>>8447458
Go all-in on XRP.

>> No.8447644

>>8447493
Pro-tip: there is no Oracle Problem.

>> No.8447669
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8447669

>>8447621
This

>> No.8447671

>>8447601
3.6 here but same.

>> No.8447679

>>8447644
>>8447493
wtf is the oracle problem

>> No.8448167

>>8447458
In the essay portion write: “Satoshi Nakamoto is going to make all you Jew faggots obsolete.”

>> No.8448317

>>8447570
Yes the manifesto is pleb tier. Kapital is hard to get through but is essential if you wanna understand/critique one of the most influential economists of history. I see too many retards who strawman Marx.

>> No.8448363

>>8447458

the meltdown we were supposed to experience in 2008 wasn't allowed to happen due to government bailouts. The FED has just been kicking the can down the road all these years and now it is starting to rear its ugly head.

>> No.8448518

>>8447679
It's something that was made up by Sergei to justify the existence of his shitcoin called Chainlink that has been shilled on this board for the past several months. Many such bagholders. Sad.

>> No.8448525

Risk is equal to reward
People follow incentives (usually)
People react to scarcity and abundance
Wage floors create an oversupply of labor
Regulation is like an energy leak for economic efficiency in a machine (moral clause not attached)
Understand supply and demand. It doesn't rule everything, but the law is true

>> No.8448552

>>8447512
Holy shit, this. It's so dogmatic, but it's clear that their methodology isn't working. We have over half a century of evidence in some of the shittiest cities in the United States

Thomas Sowell's rebuttal with the intelligence of the masses says it best

>> No.8448557

Currency manipulation > market wisdom

>> No.8449659
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8449659

>The road to hell is made with good intentions.

>> No.8449669
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8449669

>>8447458

>> No.8449679

>>8448317
Retards strawman Hitler with the Holocaust.

>> No.8449718
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8449718

>>8447458
Keynesianism doesn't work. The federal funds and discount rate should not be controlled by 8 people for 300 million people. Write on your econ test that the FED caused 2008 and 1929.

>> No.8450351

>>8447458
https://en.wikipedia.org/wiki/Glossary_of_economics

>> No.8450658

>>8449718
b-but that's what the dogmatic Austrians think, goy!

>> No.8450690

>>8449718
this. Austrian School Economics.

>> No.8450781

>>8447458
Markets are made up of people, and people don't always behave rationally in their own self-interest.

>> No.8450825

>>8449718
The people grading the tests don't want you thinking out of the box. They want to know if you can regurgitate the lesson plan.

>> No.8450889

>>8450781
hey Rabbi whatcha doin?

>> No.8450925

>>8447458
Karl Marx was a cunt who never paid of his debts to tradesmen or servants or to the people he sponged from. This is the entire basis of marxism