View Single Post
Old 08-19-2008, 07:06 PM   #13 (permalink)
ar81
Family Member
 
Join Date: Aug 2008
Posts: 2,756
ar81 will become famous soon enough
Default

Quote:
Originally Posted by ThoughtAddict View Post
To say that "the economy is a videogame" ignores the real world implications. The calculations people make are not arbitrary, though, as I said, the rules are flexible. The numbers assigned mean something... they correspond in varying degrees to the real world. That's why one electronic card yields no results while the other makes it possible to get a Mercedes SLR McLaren.
Implications are determined by human actions of gamers who play game of economy. Rules are not that flexible, if people buy imported stuff, they create trade deficit that ultimately causes an effect. If people change behavior, overall economy results changes, but rules do not change. This is why US crisis can't just be solved by printing money to compensate deficits.
ar81 is offline   Reply With Quote